Co-Op 401(K) Plan — Form 5500 plan (Lakes Area 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, Co-Op 401(K) Plan is a benefit plan reported by Lakes Area Cooperative under EIN 41-0474270 and plan number 001. The latest loaded filing year is 2023. The filing reports 111 participants and $8,712,804 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Lakes Area Cooperative
- EIN
- 41-0474270
- Plan number
- 001
- Plan type
- 2
- Location
- Perham, MN
- Latest filing year
- 2023
- Participants
- 111
- End-of-year plan assets
- $8,712,804
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 111 | H, C | 20241015163738NAL0029129985001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $8,712,804
- Total liabilities (EOY)
- $1,021
- Net assets (EOY)
- $8,711,783
- Net assets (BOY)
- $4,551,258
Income & contributions
- Employer contributions
- $420,678
- Participant contributions
- $403,614
- Total contributions
- $825,651
- Total income / additions
- $1,938,026
Expenses & distributions
- Benefits paid
- $3,120,417
- Administrative expenses
- $36,828
- Total expenses
- $3,157,245
- Net increase / (decrease)
- -$1,219,219
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Milliman, Inc. | NONE | $29,397 | not reported in the loaded dataset | 2023 |