# Farmers Telecommunications Cooperative, INC Health & Welfare Plan
Source: https://planprovider.pro/companies/farmers-telecommunications-cooperative-inc-630328420-501

> Farmers Telecommunications Cooperative, INC's Health & Welfare plan: 176 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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