Plan Ledger DOL Form 5500 · updated monthly

Mid-Rivers Telephone Cooperative, Inc.401(k)

MID-RIVERS TELEPHONE COOPERATIVE, INC. EMPLOYEES' SAVINGS PLAN · CIRCLE, MT · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Mid-Rivers Telephone Cooperative, Inc. reported $67,411 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $12,390 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 0.26% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other utilities employers. By assets it is the 34th-largest of 229 plans among Montana employers on file, and the 203rd of 412 in utilities. In 2024, the employer put in $1.15 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$40,091,205
Participants with balances122
Active participants102
Employer contributions$1,263,823
Employee contributions$1,098,811
Employer contribution per active participant$12,390
Average account balance$328,616
Benefits paid to participants$1,948,553
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.1M · 122 accts · $1.3M emplr
2023$34.9M · 125 accts · $1.2M emplr
2022$29.8M · 132 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,411
Total administrative$67,411
The Mid-Rivers Telephone Cooperative, Inc. 401(k) match · 2024
Employer contribution per active participant$12,390
Median for plans this size$2,416
2024$12,390 per active participant
2023$11,906 per active participant
2022$11,515 per active participant

Mid-Rivers Telephone Cooperative, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$68,310
WILSHIRE ADVISORS LLC · Investment advisory (plan)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$67,411 · 0.18%
2023$68,916 · 0.21%
2022$79,989 · 0.26%
Same employer
Similar plansUtilities · Montana
Northwestern Corporation MT$512.8M · 0.06%
Mammoth Energy Partners LLC OK$40.6M · 0.14%
Core Electric Cooperative CO$39.7M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810239277 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.