Employers › Archer-daniels-midland › plan 029
Recordkeeping fees per participant · ADM 401(k) and Employee Stock Ownership Plan for Salaried Employees · plan year 2024
$16.37
Higher than 20% of the 790 plans over $1B that report it.
= $187,383 / 11,450
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917103152NAL0000188563001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103152NAL0000188563001, received 2025-09-17
Percentiles compare this plan with the Schedule H plans over $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 2025-09-17.
Administrative expenses excluding investment management, per participant
$25.12
Higher than 22% of the 1,045 plans over $1B that report it.
= $287,581 / 11,450
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917103152NAL0000188563001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103152NAL0000188563001, received 2025-09-17
Administrative expenses per participant
$25.12
Higher than 10% of the 1,076 plans over $1B that report it.
= $287,581 / 11,450
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917103152NAL0000188563001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103152NAL0000188563001, received 2025-09-17
Administrative expenses as a share of assets
0.012%
Higher than 9% of the 1,076 plans over $1B that report it.
= $287,581 / $2,314,444,246
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917103152NAL0000188563001, received 2025-09-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917103152NAL0000188563001, received 2025-09-17
Employer contributions per participant
$3,898
Higher than 53% of the 1,135 plans over $1B that report it.
= $44,631,276 / 11,450
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917103152NAL0000188563001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103152NAL0000188563001, received 2025-09-17
Employer share of total contributions
29.0%
Higher than 36% of the 1,135 plans over $1B that report it.
= $44,631,276 / $154,134,948
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917103152NAL0000188563001, received 2025-09-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917103152NAL0000188563001, received 2025-09-17
98.7% 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 $215,866 ($43.97 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250917103152NAL0000188563001, received 2025-09-17
| Field | Value | Source |
|---|---|---|
| Plan sponsor | ARCHER DANIELS MIDLAND COMPANY | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Plan name | ADM 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN FOR SALARIED EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Sponsor EIN / plan number | 41-0129150 / 029 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Sponsor location | DECATUR, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Industry (business code) | 311900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Filing received | 2025-09-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Participants, beginning of year | 11,181 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Active participants | 8,748 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Participants, end of year | 11,530 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Participants with an account balance | 11,450 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Total assets, beginning of year | $2,206,523,131 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Total assets, end of year | $2,314,444,246 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Net assets, end of year | $2,314,444,246 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Total income | $324,140,100 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Net income | $96,748,505 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Employer contributions | $44,631,276 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Participant contributions | $91,215,290 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Other contributions (incl. rollovers) | $18,288,382 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Total contributions | $154,134,948 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Benefit payments | $226,898,869 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Total expenses (incl. benefit payments) | $227,391,595 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Total administrative expenses | $287,581 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Contract administrator fees | $3,300 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Recordkeeping fees | $187,383 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Administrative expenses excluding investment management | $287,581 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Held in master trusts | $2,284,600,879 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Held in common/collective trusts | $0 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Held in mutual funds | $0 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250917103152NAL0000188563001, received 2025-09-17 |
| Independent auditor | ERNST & YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250917103152NAL0000188563001, received 2025-09-17 |
Position = column in the DOL layout for form year 2024. Filing 20250917103152NAL0000188563001, received 2025-09-17.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 25 Trustee (directed); 37 Participant loan processing; 64 Recordkeeping fees; 65 Account maintenance fees; 99 Other fees | $225,615 | no |
| CURCIO WEBB, LLC | CONSULTANT | 16 Consulting (general) | $60,000 | no |
| WEALTH MANAGEMENT SYSTEMS INC | NONE | 49 Other services | $0 | 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 20250917103152NAL0000188563001, received 2025-09-17.
MT AGMT FOR THE ADM 401(K) AND ESOP (EIN 271701330, PN 031): plan interest $2,284,600,879, 77.3% of the trust. The trust's own filing (20250917102244NAL0000272433001, received 2025-09-17) reports net assets $2,954,567,442, administrative expenses $279,170, recordkeeping fees $0, investment management fees $229,170 and 2 Schedule C providers.
| Provider (trust level) | Service codes | Paid by the trust | Allocated to this plan |
|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | 60 | $0 | $0 |
| WEALTH MANAGEMENT SYSTEMS INC | 49 | $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 | $2,206,523,131 | $2,314,444,246 | 4.9% |
| Participants with a balance | 11,112 | 11,450 | 3.0% |
| Administrative expenses | $279,883 | $287,581 | 2.8% |
| Recordkeeping fees per participant | $23.33 | $16.37 | -29.8% |
| Employer contributions | $41,350,734 | $44,631,276 | 7.9% |
Prior filing 20240926094801NAL0000491105001, received 2024-09-26; the plan years are contiguous.