AG Processing Inc 401(k) Review & Grade
The Restated Thrift/profit Sharing Plan for Cooperatives
Omaha, NEAgriculture, Forestry, Fishing & Hunting1,124 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,465Employer $ per active participant
$6,984Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$187.5MNet plan assets, end of year
$114,952Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 68th |
| Employee saving | 93th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- AG Processing put in about $2,465 per active participant, more than the typical peer ($774). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,771,205 |
| Participant (employee) contributions | $7,849,543 |
| Other contributions (incl. rollovers in) | $2,859,435 |
| Administrative expenses paid from the plan | $225,665 |
| Contract administrator fees | $100,208 |
| Investment advisory & management fees | $60,877 |
| Benefits paid out | $17,820,404 |
| Net assets, start / end of year | $172.2M / $187.5M |
| Active participants, start / end of year | 1,127 / 1,121 |
| Participants with account balances | 1,631 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $107,846 reported compensation |
| Associated Benefits Corporation | $64,160 reported compensation |
| Edelman Financial Engines, LLC | $60,877 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006085012NAL0003387105001, received 2025-10-06, EIN 42-0615016, plan #030, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.