Profit Sharing · DOL Form 5500 · 2024

West Gaines Seed, Inc. Profit Sharing Plan

Data updated 2026-08-11

$15M
Total assets
164
Participants
64th
Percentile by assets
$90,037
Avg per participant
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Official DOL plan name: Wgs 401(k) Plan · Sponsored by West Gaines Seed, Inc. · Texas · Agriculture, Forestry & Fishing

$15M in assets, 164 participants

West Gaines Seed, Inc.'s Wgs 401(k) Plan reported $15M in total assets and 164 participants in its 2024 DOL Form 5500 filing, ranking in the 64th 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.

  • 64th percentile by assets (of 123,622 plans)
  • #859 in Agriculture, Forestry & Fishing (1,217 peers)

Coverage in Texas

Wgs 401(k) Plan covers 164 participants in Texas, about 24% of the average Texas filer (state average ~688 per filing). Assets: $15M.

$15M
total plan assets (2024 EOY)
164
covered participants
64th
percentile by assets (of 123,622 plans)
$90,037
avg assets per participant

Where Wgs 401(k) Plan sits by total assets

Wgs 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$14,766,055 Top 36% higher than 64% of 123,620 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Wgs 401(k) Plan reported net income fell from $2M in the plan year 2023 filing to $684K in the plan year 2024 filing.
  • Wgs 401(k) Plan reported participants fell from 191 in the plan year 2023 filing to 164 in the plan year 2024 filing.
  • Wgs 401(k) Plan end-of-year assets rose from $14M in the plan year 2023 filing to $15M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State
Texas
Industry
Agriculture, Forestry & Fishing

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. Wgs 401(k) Plan reports 164 participants - about 24% of that state average ($15M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$14M
Net Assets (End of Year)$15M
Net Income$684K
Employer EIN752567012
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (West Gaines Seed, Inc.)

$12M$13M$14M$15M 202220232024 $12.6M $14.8M ▲ +17.6%
Total plan assets by year, all West Gaines Seed, Inc. plans on file
Year Plans Participants Total Assets
2022 1 211 $13M
2023 1 191 $14M
2024 1 164 $15M

Nearby Profit Sharing Plans in Texas

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Wgs 401(k) Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -0.500.511.522.5 Total assets ($B) Participants Wgs 401(k) Plan, Total assets ($B): 0.014766055 · Participants: 164Wgs 401(k) PlanBaylor College of Me…, Total assets ($B): 1.952930545 · Participants: 10721Baylor College of Me…H-E-B Partner Stock …, Total assets ($B): 1.562703741 · Participants: 103962H-E-B Partner Stock …The Defined Contribu…, Total assets ($B): 1.093595117 · Participants: 31848The Defined Contribu…American Heart Assoc…, Total assets ($B): 0.514449309 · Participants: 3779American Heart Assoc…Haynes and Boone Inv…, Total assets ($B): 0.309725264 · Participants: 1069Haynes and Boone Inv…
Wgs 401(k) Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants
Compare Wgs 401(k) Plan side-by-side with 3 peers →

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Wgs 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Wgs 401(k) Plan assets move in 2024? ▼
Wgs 401(k) Plan edged up modestly - up 4.8% during 2024, from $14M to $15M. Reported net income was $684K.
How have West Gaines Seed, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), West Gaines Seed, Inc.'s sponsor-wide assets grew 17.5%, from $13M to $15M.
Which Profit Sharing plans are similar in size to Wgs 401(k) Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Fall Creek Farm & Nursery, Inc. 401(k) Profit in OR ($15M, 191 participants).

Next read for Wgs 401(k) Plan

Filing takeaways

Ways to act on Wgs 401(k) Plan's numbers.

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 752567012.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.