Employers › Growmark › plan 333
Recordkeeping fees per participant · Growmark Member Cooperative 401(k) Savings Plan · plan year 2024
$54.09
Higher than 56% of the 1,697 plans $250M to 1B that report it.
= $506,672 / 9,367
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250912132400NAL0000796243001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912132400NAL0000796243001, received 2025-09-12
Percentiles compare this plan with the Schedule H plans $250M to 1B 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 2025-09-12.
Administrative expenses excluding investment management, per participant
$65.47
Higher than 48% of the 2,324 plans $250M to 1B that report it.
= $613,241 / 9,367
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250912132400NAL0000796243001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912132400NAL0000796243001, received 2025-09-12
Administrative expenses per participant
$88.50
Higher than 50% of the 2,405 plans $250M to 1B that report it.
= $829,009 / 9,367
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250912132400NAL0000796243001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912132400NAL0000796243001, received 2025-09-12
Administrative expenses as a share of assets
0.175%
Higher than 89% of the 2,407 plans $250M to 1B that report it.
= $829,009 / $474,875,852
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250912132400NAL0000796243001, received 2025-09-12
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250912132400NAL0000796243001, received 2025-09-12
Employer contributions per participant
$602
Higher than 4% of the 2,457 plans $250M to 1B that report it.
= $5,636,585 / 9,367
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250912132400NAL0000796243001, received 2025-09-12
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912132400NAL0000796243001, received 2025-09-12
Employer share of total contributions
15.0%
Higher than 7% of the 2,459 plans $250M to 1B that report it.
= $5,636,585 / $37,693,375
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250912132400NAL0000796243001, received 2025-09-12
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250912132400NAL0000796243001, received 2025-09-12
99.0% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $734,700 ($166.94 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 2X · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250912132400NAL0000796243001, received 2025-09-12
| Field | Value | Source |
|---|---|---|
| Plan sponsor | GROWMARK, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Plan name | GROWMARK MEMBER COOPERATIVE 401(K) SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Sponsor EIN / plan number | 37-0815318 / 333 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Sponsor location | BLOOMINGTON, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Industry (business code) | 115110, Agriculture, forestry, fishing and hunting | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Filing received | 2025-09-12 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Participants, beginning of year | 10,573 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Active participants | 7,534 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Participants, end of year | 10,856 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Participants with an account balance | 9,367 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Total assets, beginning of year | $408,440,041 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Total assets, end of year | $474,875,852 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Net assets, end of year | $474,875,852 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Total income | $108,315,537 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Net income | $66,517,182 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Employer contributions | $5,636,585 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Participant contributions | $28,887,487 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Other contributions (incl. rollovers) | $3,169,303 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Total contributions | $37,693,375 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Benefit payments | $40,902,364 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Total expenses (incl. benefit payments) | $41,798,355 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Total administrative expenses | $829,009 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Contract administrator fees | $3,000 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Recordkeeping fees | $506,672 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| IQPA audit fees | $35,198 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Investment advisory and management fees | $215,768 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Administrative expenses excluding investment management | $613,241 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Held in master trusts | $470,028,380 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250912132400NAL0000796243001, received 2025-09-12 |
| Independent auditor | RUBIN BROWN LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250912132400NAL0000796243001, received 2025-09-12 |
Position = column in the DOL layout for form year 2024. Filing 20250912132400NAL0000796243001, received 2025-09-12.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees | $509,672 | no |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $215,768 | no |
| MARQUETTE ASSOCIATES | CONSULTANT | 16 Consulting (general) | $68,375 | no |
| RUBINBROWN LLP | ACCOUNTANT/AUDITOR | 10 Accounting (including auditing) | $35,198 | no |
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 20250912132400NAL0000796243001, received 2025-09-12.
GROWMARK 401(K) PLANS MASTER TRUST (EIN 370815318, PN 335): plan interest $470,028,380, 62.3% of the trust. The trust's own filing (20250912132602NAL0000845907001, received 2025-09-12) reports net assets $754,334,700, administrative expenses $1,179,099, recordkeeping fees $668,102, investment management fees $338,779 and 1 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | 60 | $0 | $0 |
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $408,440,041 | $474,875,852 | 16.3% |
| Participants with a balance | 9,053 | 9,367 | 3.5% |
| Administrative expenses | $768,116 | $829,009 | 7.9% |
| Recordkeeping fees per participant | $51.28 | $54.09 | 5.5% |
| Employer contributions | $5,849,347 | $5,636,585 | -3.6% |
Prior filing 20241004101920NAL0006596339001, received 2024-10-04; the plan years are contiguous.