Plan Ledger DOL Form 5500 · updated monthly

Centra Sota Cooperative401(k)

CENTRA SOTA COOPERATIVE 401(K) PLAN · BUFFALO, MN · plan year 2024

Reported admin expense ratio · 2024
0.10%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Centra Sota Cooperative reported $19,548 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,902 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.09% to 0.10%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 877th-largest of 1,918 plans among Minnesota employers on file, and the 237th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 145 to 185 since 2022.

Plan summary
Net assets, end of year$20,606,478
Participants with balances209
Active participants185
Employer contributions$536,785
Employee contributions$990,198
Employer contribution per active participant$2,902
Average account balance$98,596
Benefits paid to participants$2,066,100
Plan auditUnmodified (clean) audit opinion
AuditorCARLSON SV LLP
Plan history3
Yearassets · accounts · employer contribution
2024$20.6M · 209 accts · $537K emplr
2023$18.5M · 165 accts · $495K emplr
2022$16.1M · 171 accts · $432K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,098
Audit (IQPA)$14,450
Total administrative$19,548
The Centra Sota Cooperative 401(k) match · 2024
Employer contribution per active participant$2,902
Median for plans this size$2,416
2024$2,902 per active participant
2023$3,439 per active participant
2022$2,978 per active participant

Centra Sota Cooperative's 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$5,098
CARLSON SV · Accounting / audit$14,450

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$19,548 · 0.10%
2023$18,200 · 0.11%
2022$16,475 · 0.09%
Similar plansAgriculture, Forestry & Fishing · Minnesota
Big Gain, Inc. MN$27.0M · 0.01%
Crystal Valley Cooperative MN$26.4M · 0.26%
Central Region Cooperative MN$23.6M · 0.23%
Meadowland Farmers Coop MN$20.1M · 0.51%
Ralco Nutrition, Inc. MN$19.0M · 0.26%
Holden Farms, Inc. MN$17.3M · 0.40%
Western Consolidated Co-Op MN$16.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410488480 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.