THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES · HARLAN, IA · plan year 2024
Reported admin expense ratio · 2024
0.13%
Farm Service Cooperative reported $12,470 in plan administrative expenses for 2024: 0.13% of average plan assets, lower than ~75% of peers. 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 0.14% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Iowa (570th of 878), and the 439th of 945 in agriculture, forestry & fishing.
Plan summary
Net assets, end of year$10,320,479
Participants with balances141
Active participants123
Employer contributions—
Employee contributions$448,305
Employer contribution per active participant—
Average account balance$73,195
Benefits paid to participants$434,280
Plan auditUnmodified (clean) audit opinion
AuditorMERIWETHER, WILSON AND CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 141 accts
2023$9.1M · 138 accts
2022$7.6M · 133 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,183
Investment management$3,287
Total administrative$12,470
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.
Source: U.S. Department of Labor, Form 5500 series, EIN 420519835 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.