Ag Processing 401(k) match, vesting and fees
What Ag Processing's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 54 defined-contribution plans in agriculture, forestry, fishing and hunting with 1,000 to 4,999 participants.
| Ag Processing: employer contribution per participant | $1,699 | |
| Peer median | $1,612 |
| Ag Processing: average balance | $114,952 | |
| Peer median | $55,989 |
| Ag Processing: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.27% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $172M at the end of plan year 2023 to $187M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,690 | $187M | $2.8M | $1,699 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 1,677 | $172M | $2.7M | $1,644 | 0.14% | Not published | Form 5500 ↗ |
Other Ag Processing plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Restated Ag Processing Inc Retirement Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Cbiz Cpas P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Ag Processing match 401(k) contributions?
The match terms for the The Restated Thrift/Profit Sharing Plan for Cooperatives have not been published from its filing yet. The plan year 2024 filing reports $2.8M in employer contributions, about $1,699 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Ag Processing 401(k) match vested?
The vesting schedule for the The Restated Thrift/Profit Sharing Plan for Cooperatives is not in the data published so far. Your Summary Plan Description states it.
Who manages the Ag Processing 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Associated Benefits Corporation.
I left Ag Processing. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Associated Benefits Corporation, (515) 226-0303) or the recordkeeper, Principal Life Insurance Company. The Ag Processing old 401(k) page lists the contacts from every plan filing. Find an old Ag Processing 401(k)
Data from the public Form 5500 annual reports Ag Processing filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ag Processing. Not financial advice. Report a correction · Methodology