Plan Snapshot
- Plan Sponsor: Jennie-O Turkey Store, INC.
- Sponsor EIN: 410734466
- Sponsor Address: 2505 WILLMAR AVENUE SW, WILLMAR, MN, 56201
- Plan Type: 401(k)
- Total Participants: 4,996
- Total Assets: $274.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 4,996 | $274.5M | $2.2M | $11.5M |
| 2023 | 5,099 | $268.9M | $2.0M | $11.1M |
| 2022 | 5,176 | $249.5M | $2.1M | $2.2M |
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 |
|---|---|---|---|---|
| ERNST & YOUNG, LLP | Auditor | $33,700 | — | $33,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,700
- Estimated Expense Ratio: 0.012% 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 | $249,935 | $41,389 | — | $33,700 | — |
| 2023 | $356,573 | $57,960 | — | $55,800 | — |
| 2022 | $577 | $561 | — | — | — |