Minn-Dak Farmers Cooperative 401(K) Salary Reduction Plan & Trust — Form 5500 plan (Minn-Dak Farmers Cooperative)
Plain-English plan 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, Minn-Dak Farmers Cooperative 401(K) Salary Reduction Plan & Trust is a benefit plan reported by Minn-Dak Farmers Cooperative under EIN 23-7222188 and plan number 334. The latest loaded filing year is 2023. The filing reports 583 participants and $50,041,638 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Minn-Dak Farmers Cooperative
- EIN
- 23-7222188
- Plan number
- 334
- Plan type
- 2
- Location
- Wahpeton, ND
- Latest filing year
- 2023
- Participants
- 583
- End-of-year plan assets
- $50,041,638
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 583 | H, C | 20241014080622NAL0012997043001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $50,041,638
- Total liabilities (EOY)
- $279,041
- Net assets (EOY)
- $49,762,597
- Net assets (BOY)
- $44,427,200
Income & contributions
- Employer contributions
- $1,686,706
- Participant contributions
- $2,012,524
- Total contributions
- $3,822,087
- Total income / additions
- $11,329,485
Expenses & distributions
- Benefits paid
- $5,965,292
- Administrative expenses
- $21,616
- Total expenses
- $5,994,088
- Net increase / (decrease)
- $5,335,397
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Alerus Financial, N.A. | NONE | $21,616 | $0 | 2023 |