Filings through Oct 24, 2026.

Retirement plan

Grain & Feed Association of Illinois Members Choice 401(k) Plan

Name: GRAIN & FEED ASSOCIATION OF ILLINOIS - GRAIN & FEED ASSOCIATION OF ILLINOIS MEMBERS CHOICE 401(K) PLAN (2024) Form 5500
Creator: GRAIN & FEED ASSOCIATION OF ILLINOIS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAIN & FEED ASSOCIATION OF ILLINOIS MEMBERS CHOICE 401(K) PLAN, GRAIN & FEED ASSOCIATION OF ILLINOIS

Grain & Feed Association of IllinoisEIN 37-0343750Plan #001PY 2024

3521 HOLLIS DRIVE - SPRINGFIELD, IL 627119440217-787-2417gfai.orgLinkedIn51-200 employees

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributionsFew collective trustsFund lineup: 7 funds, $39.1M

How to read this page

Total assets (EOY)

$39.5M

+18.5% from 2023

Total participants

473

+2.4% from 2023

Average account balance

$99,438

+21.2% from 2023

Annual return

16.80%

-21.55 pp from 2023

Benchmarks

See 271 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort271 peers

Snapshot2024

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Analytics

See the 10-year trajectory with Pro.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH-EPS Service code 26 · EIN 13-5674085	Advisory (Participants)	$62,660
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH-FAS Service code 26 · EIN 13-5674085	Advisory (Participants)	$44,667
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK LIFE INS COMPANY Service code 15 · EIN 01-0233346	Recordkeeping	$4,753

Fund lineup

CSV with Pro

7 funds of $250K or more; 15 lines in all, holding $39.1M of the plan's $39.5M. From the 2024 filing. Recordkeeper: John Hancock (Manulife).

In collective trusts0%median 0% for plans of $5M to $50M (35,181 plans)

In index funds2%median 21% for plans of $5M to $50M (35,181 plans)

In the main target-date series0%median 36% for plans of $5M to $50M (35,181 plans)

Employer stockNo

Fund	Manager	Vehicle	Dollars	% of funds%
Continued Balance brought forward Manager not matched · Separate account	Not yet matched	Separate account	$34.2M	87.4%
Lifestyle Growth G.I.F.L John Hancock (Manulife) · Mutual fund Recordkeeper's own fund	John Hancock (Manulife)	Mutual fund	$1.1M	2.8%
John Hancock USA Capital Group · Mutual fund	Capital Group	Mutual fund	$1.0M	2.6%
Lifestyle Balanced G.I.F.L John Hancock (Manulife) · Mutual fund Recordkeeper's own fund	John Hancock (Manulife)	Mutual fund	$627K	1.6%
Vanguard Small-Cap Value Index Fund Vanguard · Mutual fund	Vanguard	Mutual fund	$431K	1.1%
John Hancock Lifestyle Moderate G.i.f.l John Hancock (Manulife) · Mutual fund Recordkeeper's own fund	John Hancock (Manulife)	Mutual fund	$298K	0.8%
Growth Fund OF America Capital Group · Mutual fund	Capital Group	Mutual fund	$274K	0.7%
Vanguard Small-Cap Growth Index Fund Vanguard · Mutual fund	Vanguard	Mutual fund	$245K	0.6%
Vanguard Growth Index Fund Vanguard · Mutual fund Index	Vanguard	Mutual fund	$243K	0.6%
Vanguard Mid-Cap Value Index Fund Vanguard · ETF Index	Vanguard	ETF	$225K	0.6%

See the other 5 lines in this lineup with Pro.

Covers 61,314 large plans that list their funds in their annual filing. Updated Nov 2, 2026. Shares describe these plans, not the whole market.

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$199K

$527 / participant

Contract admin$199K100.0%

% of EOY assets

0.505%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KERBER, ECK, & BRAECKEL LLP
Auditor EIN: 430352985
Audit fees: (not subdivided)
Opinion code: Unqualified

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Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH-EPS

Service code 26 · EIN 13-5674085

Advisory (Participants)

$62,660

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH-FAS

Service code 26 · EIN 13-5674085

Advisory (Participants)

$44,667

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK LIFE INS COMPANY

Service code 15 · EIN 01-0233346

Recordkeeping

$4,753

Fund

Dollars

% of funds%

Continued Balance brought forward

Manager not matched · Separate account

$34.2M

87.4%

Lifestyle Growth G.I.F.L

John Hancock (Manulife) · Mutual fund

Recordkeeper's own fund

$1.1M

2.8%

John Hancock USA

Capital Group · Mutual fund

$1.0M

2.6%

Lifestyle Balanced G.I.F.L

John Hancock (Manulife) · Mutual fund

Recordkeeper's own fund

$627K

1.6%

Vanguard Small-Cap Value Index Fund

Vanguard · Mutual fund

$431K

1.1%

John Hancock Lifestyle Moderate G.i.f.l

John Hancock (Manulife) · Mutual fund

Recordkeeper's own fund

$298K

0.8%

Growth Fund OF America

Capital Group · Mutual fund

$274K

0.7%

Vanguard Small-Cap Growth Index Fund

Vanguard · Mutual fund

$245K

0.6%

Vanguard Growth Index Fund

Vanguard · Mutual fund

Index

$243K

0.6%

Vanguard Mid-Cap Value Index Fund

Vanguard · ETF

Index

$225K

0.6%

Grain & Feed Association of Illinois Members Choice 401(k) Plan

Summary metrics

Benchmarksi

Analytics

Service providersi

Fund lineupi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Grain & Feed Association of Illinois Members Choice 401(k) Plan

Summary metrics

Benchmarksi

Analytics

Service providersi

Fund lineupi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Fund lineup

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Fund lineup

Opportunity flags

Expense breakdown

Audit opinion