Plan Ledger DOL Form 5500 · updated monthly

Central Farm Service401(k)

CENTRAL FARM SERVICE 401(K) PLAN · TRUMAN, MN · plan year 2025

Reported admin expense ratio · 2025
0.17%

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

Central Farm Service reported $77,668 in plan administrative expenses for 2025: 0.17% of average plan assets, below the peer median. Employer contributions averaged $3,315 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 3 years on file its reported administrative ratio rose from 0.14% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 506th-largest of 1,918 plans among Minnesota employers on file, and the 94th of 945 in agriculture, forestry & fishing. In 2025, employees put in $1.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$48,257,425
Participants with balances391
Active participants281
Employer contributions$931,397
Employee contributions$1,530,740
Employer contribution per active participant$3,315
Average account balance$123,421
Benefits paid to participants$2,221,460
Plan auditUnmodified (clean) audit opinion
AuditorGARDINER THOMSEN CPA
Plan history4
Yearassets · accounts · employer contribution
2025$48.3M · 391 accts · $931K emplr
2024$41.1M · 401 accts · $953K emplr
2023$37.9M · 404 accts · $911K emplr
2022$32.6M · 397 accts · $851K emplr
Administrative expenses, itemized · 2025
Investment management$77,668
Total administrative$77,668
The Central Farm Service 401(k) match · 2025
Employer contribution per active participant$3,315
Median for plans this size$2,666
2025$3,315 per active participant
2024$3,176 per active participant
2023$3,143 per active participant
2022$3,018 per active participant

Central Farm Service's 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$6,258
INTELLICENTS INVESTMENT SOLUTIONS · Investment advisory (plan)$66,147

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

Recordkeeper by year3
2025Alerus
2024Alerus
2023Alerus

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

Administrative cost history4
2025$77,668 · 0.17%
2024$66,138 · 0.17%
2023$55,831 · 0.16%
2022$50,820 · 0.14%
Same employer
Similar plansAgriculture, Forestry & Fishing · Minnesota
Land O' Lakes, Inc. MN$2.0B · 0.09%
Bailey Nurseries, Inc. MN$84.1M · 0.11%
Riverview, LLP MN$56.6M · 0.42%
Farmward Cooperative MN$46.9M · 0.13%
Pheasants Forever, Inc. MN$39.3M · 0.22%
Kws-Seeds, Inc. (Delaware) MN$39.0M · 0.22%
Schwartz Farms, Inc. MN$35.2M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810923572 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.