Plan Snapshot
- Plan Sponsor: Farmers Telephone Cooperative, INC.
- Sponsor EIN: 570335116
- Sponsor Address: PO BOX 588, KINGSTREE, SC, 29556
- Plan Type: Health & Welfare
- Plan Number: 504
- Total Participants: 203
- Total Assets: $56.8M
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 | 203 | $56.8M | $3.2M | $0 |
| 2023 | 201 | $50.8M | $2.6M | $0 |
| 2022 | 200 | $44.2M | $2.4M | $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 |
|---|---|---|---|---|
| PLANNED ADMINISTRATORS, INC. | Other Service Provider | $98,412 | — | $98,412 |
| TURLINGTON & COMPANY LLP | Auditor | $13,285 | — | $13,285 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TURLINGTON & COMPANY LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $111,697
- Estimated Expense Ratio: 0.197% 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 | $111,697 | — | $98,412 | $13,285 | — |
| 2023 | $108,637 | — | $95,352 | $13,285 | — |
| 2022 | $160,047 | — | $160,047 | — | — |