Christensen Farms & Feedlots, Inc. 401(k) Review & Grade
Christensen Farms & Feedlots, Inc. 401(k) Profit Sharing Plan
Sleepy Eye, MNAgriculture, Forestry, Fishing & Hunting970 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,294Employer $ per active participant
$2,614Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$45.1MNet plan assets, end of year
$85,242Average balance per account
Score breakdown
- Employer generosity31.6 / 5063th percentile for employer $ per participant
- Low cost14.6 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 59th |
| Employee saving | 59th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Christensen Farms & Feedlots put in about $1,294 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.
- 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 | $1,255,628 |
| Participant (employee) contributions | $2,535,107 |
| Other contributions (incl. rollovers in) | $55,870 |
| Administrative expenses paid from the plan | $73,906 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $42,000 |
| Benefits paid out | $3,888,987 |
| Net assets, start / end of year | $39.0M / $45.1M |
| Active participants, start / end of year | 889 / 1,051 |
| Participants with account balances | 529 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Hays Financial Group | $42,000 reported compensation |
| Fidelity Investments Institutional | $31,906 reported compensation |
| Wealth Management Systems Inc | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250609104335NAL0010921219001, received 2025-06-09, EIN 41-1688501, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.