401(k) · DOL Form 5500 · 2023

Growmark, Inc. 401(k) Plan

Data updated 2026-08-11

$408M
Total assets
7,055
Participants
97th
Percentile by assets
$57,894
Avg per participant
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Official DOL plan name: Growmark Member Cooperative 401(k) Savings Plan · Sponsored by Growmark, Inc. · Illinois · Agriculture, Forestry & Fishing

$408M in assets, 7,055 participants

Growmark, Inc.'s Growmark Member Cooperative 401(k) Savings Plan reported $408M in total assets and 7,055 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 97th percentile by assets (of 127,072 plans)
  • #1,278 in Agriculture, Forestry & Fishing (1,288 peers)

Coverage in Illinois

Growmark Member Cooperative 401(k) Savings Plan covers 7,055 participants in Illinois, 9.1x the typical Illinois plan (state average ~779 per filing). Assets: $408M.

$408M
total plan assets (2023 EOY)
7,055
covered participants
97th
percentile by assets (of 127,072 plans)
$57,894
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Growmark Member Cooperative 401(k) Savings Plan reported net income rose from -$73M in the plan year 2022 filing to $72M in the plan year 2023 filing.
  • Growmark Member Cooperative 401(k) Savings Plan end-of-year assets rose from $337M in the plan year 2022 filing to $408M in the plan year 2023 filing.
  • Growmark Member Cooperative 401(k) Savings Plan reported participants rose from 6,637 in the plan year 2022 filing to 7,055 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Participants vs Illinois filers

In Illinois, the average filing covers about 779 participants across 5,745 plans. Growmark Member Cooperative 401(k) Savings Plan reports 7,055 participants - 9.1x that state average ($408M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)$337M
Net Assets (End of Year)$408M
Net Income$72M
Employer EIN370815318
Plan Effective Date1988-04-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Growmark, Inc.)

$2B$2.2B$2.4B$2.6B 202220232024 $2.16B $2.51B ▲ +16.2%
Total plan assets by year, all Growmark, Inc. plans on file
Year Plans Participants Total Assets
2022 4 14,453 $2.2B
2023 4 15,057 $2.3B
2024 4 15,396 $2.5B

Nearby 401(k) Plans in Illinois

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Growmark Member Cooperative 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Growmark Member Cooperative 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -505101520 Total assets ($B) Participants Growmark Member Coop…Accenture United Sta…State Farm 401(k) Sa…Abbott Laboratories …United Airlines Pilo…Walgreens Retirement…
Growmark Member Cooperative 401(k) Savings Plan vs. nearby 401(k) plans in Illinois, assets vs. participants

Scale composition for Growmark Member Cooperative 401(k) Savings Plan

Growmark Member Cooperative 401(k) Savings Plan reports $408M in end-of-year assets across 7,055 participants (0.003% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.008% of 93,925,755 covered participants) - about $57,894 per participant (42% of the national average assets-per-participant) . Net income for plan year 2023 was $72M.

This plan identity (EIN 370815318, plan #333) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $337M to $475M (+41.0%) while covered participants moved from 6,637 to 7,332 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 6,637 $337M Open filing
2023 7,055 $408M This page
2024 · index core 7,332 $475M Open filing

The same sponsor also keeps 4 other index-core plans on PlainRetire:

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Growmark Member Cooperative 401(k) Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Growmark Member Cooperative 401(k) Savings Plan assets move in 2023?
Growmark Member Cooperative 401(k) Savings Plan grew sharply - up 21.3% during 2023, from $337M to $408M. Reported net income was $72M.
How have Growmark, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Growmark, Inc.'s sponsor-wide assets grew 16.2%, from $2.2B to $2.5B.
Where does Growmark Member Cooperative 401(k) Savings Plan rank by assets among Form 5500 filers?
Growmark Member Cooperative 401(k) Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Growmark Member Cooperative 401(k) Savings Plan?
Among 401(k) plans in other states, the closest by assets is Salas O'brien Retirement Plan in CA ($409M, 1,636 participants).

Next read for Growmark Member Cooperative 401(k) Savin…

Filing takeaways

Ways to act on Growmark Member Cooperative 401(k) Savings Plan's numbers.