Plan Snapshot
- Plan Sponsor: Alabama Farmers Cooperative INC.
- Sponsor EIN: 630207695
- Sponsor Address: 121 SOMERVILLE ROAD NE, DECATUR, AL, 35601
- Plan Type: 401(k)
- Total Participants: 3,153
- Total Assets: $128.6M
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. |
|---|---|---|---|---|
| 2024 | 3,153 | $128.6M | $3.6M | $5.8M |
| 2023 | 2,646 | $118.8M | $3.5M | $5.6M |
| 2022 | 2,506 | $106.0M | $3.1M | $5.5M |
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 |
|---|---|---|---|---|
| WARREN AVERETT, LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2024 | $438,071 | $203,492 | — | — | — |
| 2023 | $381,872 | $173,892 | $169,230 | $26,000 | — |
| 2022 | $433,345 | $168,826 | $175,791 | — | $86,978 |