Plan Snapshot
- Plan Sponsor: Morrow County Grain Growers, INC.
- Sponsor EIN: 930230800
- Sponsor Address: 350 MAIN STREET, LEXINGTON, OR, 97839
- Plan Type: 401(k)
- Total Participants: 66
- Total Assets: $12.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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 | 66 | $12.0M | $554,542 | $421,543 |
| 2023 | 124 | $11.8M | $504,314 | $406,163 |
| 2022 | 115 | $11.0M | $499,203 | $396,252 |
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 |
|---|---|---|---|---|
| MORNINGSTAR | Other Service Provider | $20,478 | — | $20,478 |
| RESOURCES INVESTMENT ADVISORS. | Other Service Provider | $10,359 | — | $10,359 |
| ASCENSUS LLC | Other Service Provider | $10,124 | — | $10,124 |
| UNITED OF OMAHA | Other Service Provider | $6,566 | — | $6,566 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,527
- Estimated Expense Ratio: 0.397% 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 | $47,528 | $30,837 | $16,691 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |