The Andersons, Inc. 401(k) Review & Grade
The Andersons, Inc. Retirement Savings Investment Plan
Maumee, OHWholesale Trade2,046 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,329Employer $ per active participant
$7,161Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$368.4MNet plan assets, end of year
$104,438Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 74th |
| Employee saving | 80th |
| Peers that auto-enroll | 53% |
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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
- Andersons put in about $6,329 per active participant, more than the typical peer ($1,792). 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 | $12,948,668 |
| Participant (employee) contributions | $14,651,698 |
| Other contributions (incl. rollovers in) | $917,513 |
| Administrative expenses paid from the plan | $350,716 |
| Investment advisory & management fees | $133,102 |
| Other admin expenses | $75,736 |
| Benefits paid out | $51,272,809 |
| Net assets, start / end of year | $345.1M / $368.4M |
| Active participants, start / end of year | 2,072 / 2,020 |
| Participants with account balances | 3,527 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc PC |
| Employer stock held by plan | $6,261,039 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $133,102 reported compensation |
| Fidelity Investments Institutional | $99,028 reported compensation |
| Highland Consulting Associates, in | $75,736 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001144438NAL0031893042001, received 2025-10-01, EIN 34-1562374, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.