Plan Snapshot
- Plan Sponsor: Ag Processing INC
- Sponsor EIN: 420615016
- Sponsor Address: PO BOX 2047, OMAHA, NE, 681032047
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,162
- Total Assets: $234,598
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,162 | $234,598 | $11.2M | $4.7M |
| 2023 | 1,137 | $229,852 | $12.9M | $4.7M |
| 2022 | 1,112 | $348,404 | $12.5M | $4.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WELLMARK | Recordkeeper | $722,020 | — | $722,020 |
| DELTA DENTAL | Recordkeeper | $59,900 | — | $59,900 |
| CBIZ CPAS P.C. | Auditor | $20,446 | — | $20,446 |
| ASSOCIATED BENEFITS CORPORATION | Recordkeeper | $19,333 | — | $19,333 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $821,699
- Estimated Expense Ratio: 350.258% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $825,009 | — | $801,253 | $23,756 | — |
| 2023 | $764,912 | — | $744,162 | $20,750 | — |
| 2022 | $848,155 | — | $836,805 | — | $11,350 |