Plan Snapshot
- Plan Sponsor: North Iowa Cooperative
- Sponsor EIN: 421177465
- Sponsor Address: PO BOX 90, THORNTON, IA, 504790090
- Plan Type: DB
- Plan Number: 020
- Total Participants: 34
- Total Assets: $7.7M
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 | 34 | $7.7M | $300,000 | $0 |
| 2023 | 33 | $7.5M | $300,000 | $0 |
| 2022 | 32 | $6.9M | $300,000 | $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 |
|---|---|---|---|---|
| MERCER | Other Service Provider | $6,802 | — | $6,802 |
| PRINCIPAL FINANCIAL GROUP | Other Service Provider | $6,780 | — | $6,780 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,582
- Estimated Expense Ratio: 0.178% 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 | $25,279 | $6,780 | — | — | — |
| 2023 | $27,312 | $6,179 | — | — | — |
| 2022 | $38,794 | $6,380 | — | — | $2,678 |