Plan Snapshot
- Plan Sponsor: Farmers Telecommunications Cooperative, INC
- Sponsor EIN: 630328420
- Sponsor Address: 144 MCCURDY AVENUE NORTH, RAINSVILLE, AL, 35986
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 176
- Total Assets: $12.4M
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 | 176 | $12.4M | $2.9M | $296,187 |
| 2023 | 108 | $13.8M | $4.2M | $292,601 |
| 2022 | 106 | $10.7M | $2.9M | $242,618 |
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 |
|---|---|---|---|---|
| WELLS FARGO CLEARING SERVICES | Other Service Provider | $51,045 | — | $51,045 |
| BLUE CROSS BLUE SHIELD OF ALABAMA | Other Service Provider | $7,070 | — | $7,070 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,115
- Estimated Expense Ratio: 0.470% 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 | $72,539 | $51,045 | $21,494 | — | — |
| 2023 | $68,779 | $49,775 | $19,004 | — | — |
| 2022 | $67,552 | $50,971 | $16,581 | — | — |