Plan Snapshot
- Plan Sponsor: Meadowland Farmers Coop
- Sponsor EIN: 410248820
- Sponsor Address: 101 1ST AVENUE EAST, LAMBERTON, MN, 56152
- Plan Type: 401(k)
- Total Participants: 217
- Total Assets: $18.7M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 217 | $18.7M | $0 | $890,963 |
| 2023 | 210 | $16.5M | $59,000 | $752,537 |
| 2022 | 119 | $11.5M | $184,091 | $679,151 |
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 |
|---|---|---|---|---|
| CARLSONSV, LLP | Auditor | $13,500 | — | $13,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,500
- Estimated Expense Ratio: 0.072% 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 | $108,690 | $49,921 | $9,278 | $13,500 | — |
| 2023 | $69,459 | $35,892 | — | — | — |
| 2022 | $61,267 | $33,909 | $27,358 | — | — |