# The Andersons, INC. 401(k) Plan
Source: https://planprovider.pro/companies/the-andersons-inc-401k-plan

> The Andersons, INC.'s 401(k) plan: 2,020 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/creative-planning) — ADVISOR

- [FIDELITY INVESTMENTS INSTITUTIONAL](https://planprovider.pro/provider/fidelity-investments) — RECORDKEEPER

- [LBMC, PC](https://planprovider.pro/provider/lbmc-pc) — PLAN SPONSOR

- [BAKER & HOSTETLER LLP](https://planprovider.pro/provider/bakerhostetler) — 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|—|—|—|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/the-andersons-inc-401k-plan)

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