Plan Snapshot
- Plan Sponsor: Illinois Farm Business Farm Management Association
- Sponsor EIN: 376046462
- Sponsor Address: 1101 W PEABODY DR, URBANA, IL, 61801
- Plan Type: 401(k)
- Total Participants: 158
- Total Assets: $30.0M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 158 | $30.0M | $719,699 | $678,032 |
| 2023 | 141 | $27.7M | $547,470 | $630,686 |
| 2022 | 131 | $22.3M | $507,049 | $592,322 |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $12,263 | $3,087 | — | — | — |
| 2023 | $4,133 | $2,658 | — | — | — |
| 2022 | $3,520 | $2,014 | — | — | — |