Plan Snapshot
- Plan Sponsor: Farmer'S Business Network, INC.
- Sponsor EIN: 464766342
- Sponsor Address: 2261 MARKET STREET, SAN FRANCISCO, CA, 94114
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 585
- Total Assets: $38.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 585 | $38.3M | $0 | $0 |
| 2024 | 359 | $36.1M | $0 | $4.2M |
| 2023 | 521 | $31.5M | $0 | $6.5M |
| 2022 | 891 | $22.8M | $10,320 | $6.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $84,782 | — | $84,782 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,782
- Estimated Expense Ratio: 0.221% 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 | $8,714,520 | — | $300 | — | — |
| 2024 | $76,138 | — | — | — | — |
| 2023 | $81,284 | — | — | — | — |
| 2022 | $67,238 | — | — | — | — |