Plan Snapshot
- Plan Sponsor: Agri-Cover, INC.
- Sponsor EIN: 450419401
- Sponsor Address: 3000 HIGHWAY 281 SE, JAMESTOWN, ND, 58401
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 216
- Total Assets: $17.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 216 | $17.8M | $0 | $0 |
| 2024 | 168 | $15.4M | $422,258 | $776,551 |
| 2023 | 155 | $13.7M | $373,551 | $685,055 |
| 2022 | 155 | $12.3M | $376,908 | $682,076 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| RPM ADVISORS LLC | Investment Advisor | $31,549 | — | $31,549 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $21,309 | — | $21,309 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,858
- Estimated Expense Ratio: 0.296% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $1,308,078 | $31,549 | — | — | — |
| 2024 | $50,640 | $28,308 | — | — | — |
| 2023 | $49,442 | $25,660 | — | — | — |
| 2022 | $49,062 | — | — | — | — |