Plan Ledger DOL Form 5500 · updated monthly

Farmers Win Cooperative401(k)

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES · FREDERICKSBURG, IA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Farmers Win Cooperative reported $13,586 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,448 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 has held roughly steady near 0.108%. 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 among the smaller plans on file in Iowa (523rd of 878), and the 368th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.95 for every $1.00 the employer contributed; active participation has grown from 186 to 226 since 2022.

Plan summary
Net assets, end of year$13,490,077
Participants with balances224
Active participants226
Employer contributions$327,307
Employee contributions$636,778
Employer contribution per active participant$1,448
Average account balance$60,224
Benefits paid to participants$852,432
Plan auditUnmodified (clean) audit opinion
AuditorGARDINER + COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$13.5M · 224 accts · $327K emplr
2023$11.7M · 223 accts · $336K emplr
2022$9.8M · 211 accts · $306K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,087
Investment management$499
Total administrative$13,586
The Farmers Win Cooperative 401(k) match · 2024
Employer contribution per active participant$1,448
Median for plans this size$2,416
2024$1,448 per active participant
2023$1,750 per active participant
2022$1,647 per active participant

Farmers Win Cooperative's 2024 employer contribution ran below 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$10,527
MASSACHUSETTS FINANCIAL SERVICES CO · Custodial (securities)indirect comp
WELLINGTON TRUST CO., NA · Custodial (securities)indirect comp
DST ASSET MANAGER SOLUTIONS, INC. · Custodial (securities)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp

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$13,586 · 0.11%
2023$12,429 · 0.12%
2022$11,260 · 0.11%
Same employer
Similar plansAgriculture, Forestry & Fishing · Iowa
United Farmers Cooperative IA$14.4M · 0.17%
Five Star Cooperative IA$14.0M · 0.15%
Mid Iowa Coop IA$12.5M · 0.11%
Lloyd, Inc. IA$11.0M · 0.41%
Farm Service Cooperative IA$10.3M · 0.13%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 420782088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.