Plan Ledger DOL Form 5500 · updated monthly

Farmers Cooperative401(k)

UBG 401(K) - FARMERS COOPERATIVE · DORCHESTER, NE · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Farmers Cooperative reported $63,832 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $684 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 0.20% to 0.24%. 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 199th-largest of 565 plans among Nebraska employers on file, and the 181st of 945 in agriculture, forestry & fishing. In 2024, employees put in $3.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,986,887
Participants with balances378
Active participants552
Employer contributions$377,619
Employee contributions$1,141,488
Employer contribution per active participant$684
Average account balance$71,394
Benefits paid to participants$4,166,205
Plan auditUnmodified (clean) audit opinion
AuditorGARDINER + COMPANY, CPAS
Plan history3
Yearassets · accounts · employer contribution
2024$27.0M · 378 accts · $378K emplr
2023$26.3M · 366 accts · $380K emplr
2022$22.8M · 366 accts · $371K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,832
Investment management$5,000
Total administrative$63,832
The Farmers Cooperative 401(k) match · 2024
Employer contribution per active participant$684
Median for plans this size$2,416
2024$684 per active participant
2023$710 per active participant
2022$700 per active participant

Farmers Cooperative's 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
UNITED BENEFITS GROUP · Contract administrator$26,533
INTELLICENTS INVESTMENT SOLUTIONS I · Investment advisory (plan)$5,000

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$63,832 · 0.24%
2023$58,042 · 0.24%
2022$49,307 · 0.20%
Same employer
Similar plansAgriculture, Forestry & Fishing · Nebraska
AG Processing Inc NE$187.5M · 0.13%
Fnc, Inc NE$170.0M · 0.00%
Nebraska Beef, LTD. NE$20.4M · 0.16%
Frontier Cooperative NE$19.8M · 0.15%
Css Farms, LLC NE$17.7M · 0.37%
Foote Cattle Company, LLC NE$14.8M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470155629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.