Plan Snapshot
- Plan Sponsor: The Andersons, INC.
- Sponsor EIN: 341562374
- Sponsor Address: P.O. BOX 119, MAUMEE, OH, 435370119
- Plan Type: 401(k)
- Total Participants: 2,020
- Total Assets: $368.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,020 | $368.4M | $12.9M | $14.7M |
| 2023 | 2,072 | $345.1M | $16.6M | $14.3M |
| 2022 | 2,085 | $288.5M | $15.9M | $13.4M |
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 |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $133,102 | — | $133,102 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $99,028 | — | $99,028 |
| HIGHLAND CONSULTING ASSOCIATES, IN | PLAN ADMINISTRATOR | $75,736 | — | $75,736 |
| LBMC, PC | PLAN SPONSOR | $27,000 | — | $27,000 |
| BAKER & HOSTETLER LLP | ATTORNEY/LEGAL | $16,534 | — | $16,534 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- LBMC, PC — PLAN SPONSOR
- BAKER & HOSTETLER LLP — ATTORNEY/LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $351,400
- Estimated Expense Ratio: 0.095% 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 | $350,716 | $133,102 | — | $27,000 | — |
| 2023 | $285,639 | $124,127 | — | $24,600 | — |
| 2022 | $232,784 | $131,233 | — | — | — |