Aurora Cooperative Elevator Co. 401(k) Review & Grade
Aurora Co-Op Elevator Company Salary Savings Plan
Aurora, NEAgriculture, Forestry, Fishing & Hunting590 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,081Employer $ per active participant
$4,771Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$65.9MNet plan assets, end of year
$88,953Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost17.4 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 69th |
| Employee saving | 81th |
| Peers that auto-enroll | 36% |
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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
- Aurora Cooperative Elevator put in about $3,081 per active participant, more than the typical peer ($774). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $1,817,772 |
| Participant (employee) contributions | $2,815,075 |
| Other contributions (incl. rollovers in) | $1,280,611 |
| Administrative expenses paid from the plan | $74,532 |
| Contract administrator fees | $74,532 |
| Benefits paid out | $4,379,906 |
| Net assets, start / end of year | $57.6M / $65.9M |
| Active participants, start / end of year | 590 / 590 |
| Participants with account balances | 741 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lutz & Company, P.C. |
Largest service providers (Schedule C)
| Lincoln National Corporation | $72,207 reported compensation |
| Gallagher Fiduciary Advisors | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250708083213NAL0002103075001, received 2025-07-08, EIN 47-0095730, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.