Growmark 401(k) match, vesting and fees
What Growmark'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 | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Rubin Brown LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 14 defined-contribution plans with 5,000 to 9,999 participants.
| Growmark: employer contribution per participant | $602 | |
| Peer median | $2,304 |
| Growmark: average balance | $50,697 | |
| Peer median | $65,697 |
| Growmark: admin expenses ÷ assets | 0.19% | |
| Peer median | 0.09% |
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 $411M at the end of plan year 2021 to $475M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 10,856 | $475M | $5.6M | $602 | 0.19% | Not published | Form 5500 ↗ |
| 2023 | 10,573 | $408M | $5.8M | $646 | 0.21% | Not published | Form 5500 ↗ |
| 2022 | 10,177 | $337M | $4.7M | $533 | 0.21% | Not published | Form 5500 ↗ |
| 2021 | 9,851 | $411M | $4.2M | $484 | 0.14% | Not published | Form 5500 ↗ |
Other Growmark plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Growmark 401(k) 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.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Rubin Brown LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Group Retirement Income Plan No.16
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 | Rubin Brown LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Group Retirement Income Plan No. 8
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 | Rubin Brown LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Growmark match 401(k) contributions?
The match terms for the Growmark Member Cooperative 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $5.6M in employer contributions, about $602 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Growmark 401(k) match vested?
The vesting schedule for the Growmark Member Cooperative 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Growmark 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Growmark Member Cooperative 401k Savings Plan Administrative Committee.
I left Growmark. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Growmark Member Cooperative 401k Savings Plan Administrative Committee, (309) 557-6125) or the recordkeeper, Fidelity Investments Institutional. The Growmark old 401(k) page lists the contacts from every plan filing. Find an old Growmark 401(k)
Data from the public Form 5500 annual reports Growmark filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Growmark. Not financial advice. Report a correction · Methodology