# Farmers Cooperative Elevator Company DB Plan
Source: https://planprovider.pro/companies/farmers-cooperative-elevator-company-411892592-020

> Farmers Cooperative Elevator Company's DB plan: 25 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Farmers Cooperative Elevator Company

- **Sponsor EIN:** 411892592

- **Sponsor Address:** 1972 510TH STREET, HANLEY FALLS, MN, 56245

- **Plan Type:** DB

- **Plan Number:** 020

- **Total Participants:** 25

- **Total Assets:** $9.5M

## 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|25|$9.5M|$180,000|$0|

| 2023|29|$9.3M|$180,000|$0|

| 2022|37|$8.6M|$180,000|$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|

| PRINCIPAL FINANCIAL GROUP|Other Service Provider|$8,395|—|$8,395|

| MERCER|Other Service Provider|$7,669|—|$7,669|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $16,064

- **Estimated Expense Ratio:** 0.170% 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|$28,916|$8,395|—|—|—|

| 2023|$22,385|$7,731|—|—|—|

| 2022|$399,113|—|—|—|—|

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