Agri-Power, Inc. 401(k) Review & Grade
Agri-Power, Inc. 401(k) Retirement Savings Plan
Hopkinsville, KYRetail Trade552 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$544Employer $ per active participant
$4,060Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$22.2MNet plan assets, end of year
$40,958Average balance per account
Score breakdown
- Employer generosity19.6 / 5039th percentile for employer $ per participant
- Low cost18.5 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving10.0 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 74th |
| Employee saving | 66th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Agri-Power put in about $544 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $300,647 |
| Participant (employee) contributions | $2,243,161 |
| Other contributions (incl. rollovers in) | $289,400 |
| Administrative expenses paid from the plan | $21,864 |
| Contract administrator fees | $21,864 |
| Benefits paid out | $4,567,897 |
| Net assets, start / end of year | $21.2M / $22.2M |
| Active participants, start / end of year | 573 / 532 |
| Participants with account balances | 543 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Stone, Rudolph, & Henry, PLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $21,864 reported compensation |
| Osaic FS, Inc. | $17,990 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807090850NAL0003578931001, received 2025-08-07, EIN 61-1174505, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.