Plan Snapshot
- Plan Sponsor: Central Farm Service
- Sponsor EIN: 810923572
- Sponsor Address: 233 W CIRO ST., TRUMAN, MN, 56088
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 399
- Total Assets: $48.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 399 | $48.3M | $0 | $0 |
| 2024 | 300 | $41.8M | $952,766 | $1.6M |
| 2023 | 290 | $38.2M | $911,479 | $1.5M |
| 2022 | 282 | $33.0M | $851,038 | $1.5M |
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 |
|---|---|---|---|---|
| INTELLICENTS INVESTMENT SOLUTIONS | Other Service Provider | $66,147 | — | $66,147 |
| ALERUS FINANCIAL, N.A. | Other Service Provider | $6,258 | — | $6,258 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,405
- Estimated Expense Ratio: 0.150% 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 | $2,322,695 | $77,668 | — | — | — |
| 2024 | $66,138 | $52,705 | — | — | — |
| 2023 | $55,831 | $43,586 | — | — | — |
| 2022 | $50,820 | $42,868 | — | — | — |