Agtegra Cooperative 401(k) Review & Grade
Ubg 401(k) - Agtegra
Aberdeen, SDAgriculture, Forestry, Fishing & Hunting878 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,259Employer $ per active participant
$4,115Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$69.1MNet plan assets, end of year
$77,413Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 60th |
| Employee saving | 74th |
| 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
- Agtegra Cooperative put in about $2,259 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.
- 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 | $1,983,407 |
| Participant (employee) contributions | $3,613,351 |
| Other contributions (incl. rollovers in) | $581,155 |
| Administrative expenses paid from the plan | $109,921 |
| Contract administrator fees | $40,066 |
| Investment advisory & management fees | $5,000 |
| Benefits paid out | $6,848,474 |
| Net assets, start / end of year | $61.9M / $69.1M |
| Active participants, start / end of year | 895 / 861 |
| Participants with account balances | 892 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gardiner + Company, P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $64,855 reported compensation |
| United Benefits Group | $40,066 reported compensation |
| Intellicents Investment Solutions I | $5,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821171550NAL0004392705001, received 2025-08-21, EIN 46-0191930, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.