Employers › Archer-daniels-midland › plan 030
Recordkeeping fees per participant · ADM 401(k) and Employee Stock Ownership Plan for Hourly Employees · plan year 2024
$51.87
Higher than 52% of the 1,697 plans $250M to 1B that report it.
= $635,992 / 12,262
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917103540NAL0000406560001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103540NAL0000406560001, received 2025-09-17
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 2025-09-17.
Administrative expenses excluding investment management, per participant
$55.11
Higher than 37% of the 2,324 plans $250M to 1B that report it.
= $675,770 / 12,262
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917103540NAL0000406560001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103540NAL0000406560001, received 2025-09-17
Administrative expenses per participant
$55.11
Higher than 24% of the 2,405 plans $250M to 1B that report it.
= $675,770 / 12,262
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917103540NAL0000406560001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103540NAL0000406560001, received 2025-09-17
Administrative expenses as a share of assets
0.096%
Higher than 64% of the 2,407 plans $250M to 1B that report it.
= $675,770 / $701,547,037
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917103540NAL0000406560001, received 2025-09-17
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917103540NAL0000406560001, received 2025-09-17
Employer contributions per participant
$2,196
Higher than 31% of the 2,457 plans $250M to 1B that report it.
= $26,923,241 / 12,262
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917103540NAL0000406560001, received 2025-09-17
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103540NAL0000406560001, received 2025-09-17
Employer share of total contributions
34.2%
Higher than 61% of the 2,459 plans $250M to 1B that report it.
= $26,923,241 / $78,628,408
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917103540NAL0000406560001, received 2025-09-17
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917103540NAL0000406560001, received 2025-09-17
95.5% 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 $63,301 ($60.27 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 20250917103540NAL0000406560001, 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 20250917103540NAL0000406560001, received 2025-09-17 |
| Plan name | ADM 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN FOR HOURLY EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Sponsor EIN / plan number | 41-0129150 / 030 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Sponsor location | DECATUR, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Industry (business code) | 311900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250917103540NAL0000406560001, 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 20250917103540NAL0000406560001, received 2025-09-17 |
| Filing received | 2025-09-17 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Participants, beginning of year | 12,230 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Active participants | 10,315 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Participants, end of year | 12,565 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Participants with an account balance | 12,262 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Total assets, beginning of year | $677,925,645 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Total assets, end of year | $701,547,037 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Net assets, end of year | $701,547,037 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Total income | $119,338,944 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Net income | $34,794,002 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Employer contributions | $26,923,241 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Participant contributions | $49,516,065 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Other contributions (incl. rollovers) | $2,189,102 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Total contributions | $78,628,408 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Benefit payments | $83,628,629 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Total expenses (incl. benefit payments) | $84,544,942 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Total administrative expenses | $675,770 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Contract administrator fees | $4,800 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Recordkeeping fees | $635,992 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Investment advisory and management fees | $0 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Administrative expenses excluding investment management | $675,770 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250917103540NAL0000406560001, received 2025-09-17 |
| Held in master trusts | $669,938,071 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250917103540NAL0000406560001, 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 20250917103540NAL0000406560001, 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 20250917103540NAL0000406560001, received 2025-09-17 |
| Independent auditor | ERNST AND YOUNG LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250917103540NAL0000406560001, received 2025-09-17 |
Position = column in the DOL layout for form year 2024. Filing 20250917103540NAL0000406560001, 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 | $675,770 | 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 20250917103540NAL0000406560001, received 2025-09-17.
MT AGMT FOR THE ADM 401(K) AND ESOP (EIN 271701330, PN 031): plan interest $669,938,071, 22.7% 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 | $677,925,645 | $701,547,037 | 3.5% |
| Participants with a balance | 11,964 | 12,262 | 2.5% |
| Administrative expenses | $674,565 | $675,770 | 0.2% |
| Recordkeeping fees per participant | $56.03 | $51.87 | -7.4% |
| Employer contributions | $24,679,574 | $26,923,241 | 9.1% |
Prior filing 20240926095236NAL0000922000001, received 2024-09-26; the plan years are contiguous.