Employers › Ag Processing Inc a cooperative
Recordkeeping fees per participant · The Restated Thrift/profit Sharing Plan for Cooperatives · plan year 2024
$39.34
Higher than 29% of the 5,847 plans $50 to 250M that report it.
= $64,160 / 1,631
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006085012NAL0003387105001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006085012NAL0003387105001, received 2025-10-06
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-06.
Administrative expenses excluding investment management, per participant
$101.03
Higher than 55% of the 8,758 plans $50 to 250M that report it.
= $164,788 / 1,631
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006085012NAL0003387105001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006085012NAL0003387105001, received 2025-10-06
Administrative expenses per participant
$138.36
Higher than 52% of the 9,042 plans $50 to 250M that report it.
= $225,665 / 1,631
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006085012NAL0003387105001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006085012NAL0003387105001, received 2025-10-06
Administrative expenses as a share of assets
0.120%
Higher than 44% of the 9,049 plans $50 to 250M that report it.
= $225,665 / $187,487,139
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006085012NAL0003387105001, received 2025-10-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006085012NAL0003387105001, received 2025-10-06
Employer contributions per participant
$1,699
Higher than 25% of the 9,105 plans $50 to 250M that report it.
= $2,771,205 / 1,631
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006085012NAL0003387105001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006085012NAL0003387105001, received 2025-10-06
Employer share of total contributions
20.6%
Higher than 21% of the 9,112 plans $50 to 250M that report it.
= $2,771,205 / $13,480,183
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006085012NAL0003387105001, received 2025-10-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006085012NAL0003387105001, received 2025-10-06
Plan terms are not published in public filings.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 3H controlled-group sponsor · 2S pre-approved plan document · 2T default investment (QDIA) · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251006085012NAL0003387105001, received 2025-10-06
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AG PROCESSING INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Plan name | THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Sponsor EIN / plan number | 42-0615016 / 030 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Sponsor location | OMAHA, NE | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Industry (business code) | 115110, Agriculture, forestry, fishing and hunting | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Filing received | 2025-10-06 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Participants, beginning of year | 1,744 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Active participants | 1,121 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Participants, end of year | 1,690 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Participants with an account balance | 1,631 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Total assets, beginning of year | $172,172,590 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Total assets, end of year | $187,487,139 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Net assets, end of year | $187,487,139 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Total income | $33,526,713 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Net income | $15,480,644 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Employer contributions | $2,771,205 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Participant contributions | $7,849,543 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Other contributions (incl. rollovers) | $2,859,435 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Total contributions | $13,480,183 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Benefit payments | $17,820,404 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Total expenses (incl. benefit payments) | $18,046,069 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Total administrative expenses | $225,665 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Contract administrator fees | $100,208 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Recordkeeping fees | $64,160 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Investment advisory and management fees | $60,877 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Administrative expenses excluding investment management | $164,788 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Held in common/collective trusts | $168,626,455 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Held in mutual funds | $14,620,881 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251006085012NAL0003387105001, received 2025-10-06 |
| Independent auditor | CBIZ CPAS P.C. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251006085012NAL0003387105001, received 2025-10-06 |
Position = column in the DOL layout for form year 2024. Filing 20251006085012NAL0003387105001, received 2025-10-06.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 64 Recordkeeping fees; 13 Contract administrator; 37 Participant loan processing | $100,208 | yes |
| ASSOCIATED BENEFITS CORPORATION | PLAN ADMINISTRATOR | 14 Plan administrator; 50 Direct payment from the plan | $64,160 | no |
| EDELMAN FINANCIAL ENGINES, LLC | INVESTMENT ADVISOR | 26 Investment advisory (participants); 51 Investment management fees paid directly by plan | $60,877 | no |
| DST ASSET MANAGER SOLUTIONS, INC | NONE | 19 Custodial (securities); 52 Investment management fees paid indirectly by plan | $0 | yes |
| WELLINGTON TRUST CO., NA | NONE | 19 Custodial (securities); 52 Investment management fees paid indirectly by plan | $0 | yes |
| MASSACHUSETTS FINANCIAL SERVICES CO | NONE | 52 Investment management fees paid indirectly by plan; 19 Custodial (securities) | $0 | yes |
| MORNINGSTAR INVESTMENT MANAGEMENT | INVESTMENT ADVISOR | 26 Investment advisory (participants); 70 Consulting fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251006085012NAL0003387105001, received 2025-10-06.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $172,172,590 | $187,487,139 | 8.9% |
| Participants with a balance | 1,615 | 1,631 | 1.0% |
| Administrative expenses | $224,976 | $225,665 | 0.3% |
| Recordkeeping fees per participant | $47.29 | $39.34 | -16.8% |
| Employer contributions | $2,654,950 | $2,771,205 | 4.4% |
Prior filing 20240917121442NAL0002874289001, received 2024-09-17; the plan years are contiguous.
Sponsor name as filed: AG PROCESSING INC; SEC registrant: Ag Processing Inc a cooperative (CIK 1517618, matched by EIN).