2023 Form 5500 filing — Farmers Telecommunications Cooperative, Inc. Welfare Benefits Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241011143459NAL0012601459001) for Farmers Telecommunications Cooperative, Inc. Welfare Benefits Plan, reported by Farmers Telecommunications Cooperative, Inc under EIN 63-0328420 and plan number 501. It reports 174 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241011143459NAL0012601459001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Farmers Telecommunications Cooperative, Inc
- EIN
- 63-0328420
- Plan number
- 501
- Location
- Rainsville, AL
- Participants
- 174
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $13,835,577
- Total liabilities (EOY)
- $1,239,657
- Net assets (EOY)
- $12,595,920
- Employer contributions
- $4,231,007
- Participant contributions
- $292,601
- Total income / additions
- $5,795,003
- Benefits paid
- $3,595,950
- Administrative expenses
- $68,779
- Total expenses
- $3,664,729
- Net increase / (decrease)
- $2,130,274
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wells Fargo Clearing Services | NONE | $49,775 | $0 |
| Blue Cross Blue Shield Of Alabama | NONE | $6,427 | $0 |