Plan Ledger DOL Form 5500 · updated monthly

United Farmers Cooperative401(k)

UNITED FARMERS COOPERATIVE 401(K) PLAN · WINTHROP, MN · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

United Farmers Cooperative reported $87,188 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $4,038 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 0.28% to 0.29%. 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 674th-largest of 1,918 plans among Minnesota employers on file, and the 154th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,460,455
Participants with balances264
Active participants173
Employer contributions$698,618
Employee contributions$1,124,263
Employer contribution per active participant$4,038
Average account balance$119,168
Benefits paid to participants$2,470,398
Plan auditUnmodified (clean) audit opinion
AuditorGARDINER + COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$31.5M · 264 accts · $699K emplr
2023$28.3M · 273 accts · $692K emplr
2022$25.6M · 283 accts · $421K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,026
Investment management$45,162
Total administrative$87,188
The United Farmers Cooperative 401(k) match · 2024
Employer contribution per active participant$4,038
Median for plans this size$2,416
2024$4,038 per active participant
2023$3,933 per active participant
2022$2,418 per active participant

United Farmers 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 · 20242
JOHN HANCOCK · Recordkeeping · Loan processing$42,026
VALMARK ADVISERS, INC. · Investment advisory (plan)$45,162

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$87,188 · 0.29%
2023$77,853 · 0.29%
2022$79,255 · 0.28%
Same employer
Similar plansAgriculture, Forestry & Fishing · Minnesota
Pheasants Forever, Inc. MN$39.3M · 0.22%
Kws-Seeds, Inc. (Delaware) MN$39.0M · 0.22%
Schwartz Farms, Inc. MN$35.2M · 0.22%
Arnold Companies, Inc. MN$31.7M · 0.44%
Big Gain, Inc. MN$27.0M · 0.01%
Crystal Valley Cooperative MN$26.4M · 0.26%
Central Region Cooperative MN$23.6M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410152490 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.