Plan Snapshot
- Plan Sponsor: Christensen Farms & Feedlots, INC.
- Sponsor EIN: 411688501
- Sponsor Address: 23971 COUNTY ROAD 10, SLEEPY EYE, MN, 56085
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,263
- Total Assets: $53.8M
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 | 1,263 | $53.8M | $0 | $0 |
| 2024 | 1,051 | $45.1M | $1.3M | $2.5M |
| 2023 | 889 | $39.0M | $1.2M | $2.4M |
| 2022 | 803 | $31.5M | $1.1M | $2.1M |
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 |
|---|---|---|---|---|
| HAYS FINANCIAL GROUP | Investment Advisor | $42,000 | — | $42,000 |
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $41,948 | — | $41,948 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $83,948
- Estimated Expense Ratio: 0.156% 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 | $3,020,542 | $42,000 | — | — | — |
| 2024 | $73,906 | $42,000 | $300 | — | — |
| 2023 | $70,368 | $42,000 | — | — | — |
| 2022 | $68,902 | — | — | — | — |