# Mid Iowa Coop DB Plan
Source: https://planprovider.pro/companies/mid-iowa-coop-420131810-020

> Mid Iowa Coop's DB plan: 82 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mid Iowa Coop

- **Sponsor EIN:** 420131810

- **Sponsor Address:** PO BOX 80, BEAMAN, IA, 50609

- **Plan Type:** DB

- **Plan Number:** 020

- **Total Participants:** 82

- **Total Assets:** $11.8M

## 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|82|$11.8M|$550,000|$0|

| 2023|84|$11.3M|$480,000|$0|

| 2022|75|$10.1M|$480,000|$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|$10,507|—|$10,507|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $10,507

- **Estimated Expense Ratio:** 0.089% 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|$39,046|$10,507|—|—|—|

| 2023|$34,980|$9,373|—|—|—|

| 2022|$45,079|$8,971|—|—|$3,580|

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