Plan Snapshot
- Plan Sponsor: Farmers Cooperative Compress
- Sponsor EIN: 750752710
- Sponsor Address: POST OFFICE BOX 2877, LUBBOCK, TX, 79408
- Plan Type: DB
- Plan Number: 001
- Total Participants: 34
- Total Assets: $10.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 34 | $10.3M | $1.1M | $0 |
| 2023 | 36 | $21.7M | $1.4M | $0 |
| 2022 | 40 | $21.2M | $1.2M | $0 |
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 |
|---|---|---|---|---|
| PLAINS CAPITAL BANK | Custodian / Trustee | $13,720 | — | $13,720 |
| USI ADVISORS, INC. | Investment Advisor | $13,333 | — | $13,333 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $27,053
- Estimated Expense Ratio: 0.262% 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 |
|---|---|---|---|---|---|
| 2024 | $28,849 | $13,333 | — | — | — |
| 2023 | $73,718 | — | — | — | — |
| 2022 | $73,597 | — | — | — | $73,597 |