Central Farm Service 401(K) Plan — Form 5500 plan (Central Farm Service)

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, Central Farm Service 401(K) Plan is a benefit plan reported by Central Farm Service under EIN 81-0923572 and plan number 001. The latest loaded filing year is 2023. The filing reports 407 participants and $38,182,456 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$37.9MPlan net assets, end of year$37,853,564
Participants407Covered participants reported
Assets / participant$93.8KComputed: assets ÷ participants$93,814 (computed)
Provider compensation$55.8K2 Schedule C provider row(s)$55,831
Plan sponsor
Central Farm Service
EIN
81-0923572
Plan number
001
Plan type
2
Location
Truman, MN
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023407H, C20241008080504NAL0034133122001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$38.2M total assets
Net assets$37.9MLiabilities$328.9K
Money in vs. money out
Total income / additions$8M
Total expenses$2.7M
Benefits paid / distributions$2.6M
Contributions
Employer$911.5K
Participant$1.5M
Full reported line items

Net assets

Total assets (EOY)
$38,182,456
Total liabilities (EOY)
$328,892
Net assets (EOY)
$37,853,564
Net assets (BOY)
$32,569,184

Income & contributions

Employer contributions
$911,479
Participant contributions
$1,500,709
Total contributions
$2,496,901
Total income / additions
$7,993,261

Expenses & distributions

Benefits paid
$2,640,851
Administrative expenses
$55,831
Total expenses
$2,708,881
Net increase / (decrease)
$5,284,380

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Intellicents Investment SolutionsNONE$43,586not reported in the loaded dataset2023
Alerus Financial, N.A.NONE$12,245$02023

Related Form 5500 pages