# Innovative Ag Services Co. DB Plan
Source: https://planprovider.pro/companies/innovative-ag-services-co-202096489-020

> Innovative Ag Services Co.'s DB plan: 306 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Innovative Ag Services Co.

- **Sponsor EIN:** 202096489

- **Sponsor Address:** 2010 S MAIN ST, MONTICELLO, IA, 523107707

- **Plan Type:** DB

- **Plan Number:** 020

- **Total Participants:** 306

- **Total Assets:** $66.6M

## 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|306|$66.6M|$1.1M|$0|

| 2023|279|$64.8M|$1.7M|$0|

| 2022|245|$57.5M|$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|

| PRINCIPAL FINANCIAL GROUP|Other Service Provider|$58,745|—|$58,745|

| MERCER|Other Service Provider|$24,767|—|$24,767|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $83,512

- **Estimated Expense Ratio:** 0.125% 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|$168,512|$59,745|—|—|—|

| 2023|$149,250|$51,800|—|—|—|

| 2022|$131,183|$49,296|—|—|$15,975|

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