# Illinois Farm Business Farm Management Association 401(k) Plan
Source: https://planprovider.pro/companies/illinois-farm-business-farm-management-association-plan-002

> Illinois Farm Business Farm Management Association's 401(k) plan: 158 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|

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