# Heartland Co-Op DB Plan
Source: https://planprovider.pro/companies/heartland-co-op-420242420-020

> Heartland Co-Op's DB plan: 424 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Heartland Co-Op

- **Sponsor EIN:** 420242420

- **Sponsor Address:** 13733 UNIVERSITY AVE, CLIVE, IA, 50325

- **Plan Type:** DB

- **Plan Number:** 020

- **Total Participants:** 424

- **Total Assets:** $89.9M

## 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|424|$89.9M|$2.7M|$624,449|

| 2023|444|$86.0M|$5.7M|$596,651|

| 2022|416|$72.5M|$2.7M|$567,591|

## 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|$79,005|—|$79,005|

| MERCER|Other Service Provider|$30,972|—|$30,972|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $109,977

- **Estimated Expense Ratio:** 0.122% 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|$222,601|$79,005|—|—|—|

| 2023|$191,388|$67,866|—|—|—|

| 2022|$177,795|$65,342|—|—|$21,285|

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