Monrovia Nursery Company 401(k) Review & Grade
Monrovia Nursery 401(k) Retirement Plan
Dayton, ORAgriculture, Forestry, Fishing & Hunting1,123 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,238Employer $ per active participant
$2,301Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$45.0MNet plan assets, end of year
$39,412Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 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 | 58th |
| Lower admin cost | 40th |
| Employee saving | 55th |
| 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
- Monrovia Nursery put in about $1,238 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 | $1,390,164 |
| Participant (employee) contributions | $2,583,825 |
| Other contributions (incl. rollovers in) | $85,946 |
| Administrative expenses paid from the plan | $132,607 |
| Investment advisory & management fees | $26,402 |
| Other admin expenses | $41,406 |
| Benefits paid out | $6,996,480 |
| Net assets, start / end of year | $42.9M / $45.0M |
| Active participants, start / end of year | 1,249 / 997 |
| Participants with account balances | 1,142 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller, Kaplan, Arase & Co.,, L |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $51,099 reported compensation |
| Sageview Advisory Group, LLC | $40,000 reported compensation |
| Empower Advisory Group, LLC | $26,402 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917120856NAL0000242051001, received 2025-09-17, EIN 95-1550929, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.