Plan Ledger DOL Form 5500 · updated monthly

Central Region Cooperative401(k)

CENTRAL REGION COOPERATIVE 401(K) PLAN · MINNESOTA, MN · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Central Region Cooperative reported $52,081 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $3,680 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 fell from 0.28% to 0.23%. 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 811th-largest of 1,918 plans among Minnesota employers on file, and the 207th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,555,130
Participants with balances197
Active participants169
Employer contributions$621,909
Employee contributions$879,297
Employer contribution per active participant$3,680
Average account balance$119,569
Benefits paid to participants$2,317,547
Plan auditUnmodified (clean) audit opinion
AuditorCARLSONSV
Plan history3
Yearassets · accounts · employer contribution
2024$23.6M · 197 accts · $622K emplr
2023$21.5M · 210 accts · $579K emplr
2022$18.2M · 185 accts · $517K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,825
Investment management$46,256
Total administrative$52,081
The Central Region Cooperative 401(k) match · 2024
Employer contribution per active participant$3,680
Median for plans this size$2,416
2024$3,680 per active participant
2023$2,909 per active participant
2022$2,904 per active participant

Central Region 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 · 20243
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$40,620
EMPOWER ADVISORY GROUP, LLC · Investment management$5,636

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

Administrative cost history3
2024$52,081 · 0.23%
2023$53,490 · 0.27%
2022$55,020 · 0.28%
Similar plansAgriculture, Forestry & Fishing · Minnesota
United Farmers Cooperative MN$31.5M · 0.29%
Big Gain, Inc. MN$27.0M · 0.01%
Crystal Valley Cooperative MN$26.4M · 0.26%
Centra Sota Cooperative MN$20.6M · 0.10%
Meadowland Farmers Coop MN$20.1M · 0.51%
Ralco Nutrition, Inc. MN$19.0M · 0.26%
Holden Farms, Inc. MN$17.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410247880 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.