Afc Profit Sharing Plan — Form 5500 plan (Alabama Farmers Cooperative Inc.)
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, Afc Profit Sharing Plan is a benefit plan reported by Alabama Farmers Cooperative Inc. under EIN 63-0207695 and plan number 005. The latest loaded filing year is 2023. The filing reports 3,127 participants and $118,787,260 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Alabama Farmers Cooperative Inc.
- EIN
- 63-0207695
- Plan number
- 005
- Plan type
- 3
- Location
- Decatur, AL
- Latest filing year
- 2023
- Participants
- 3,127
- End-of-year plan assets
- $118,787,260
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,127 | H, C | 20241015160856NAL0016841219001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $118,787,260
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $118,787,260
- Net assets (BOY)
- $106,041,383
Income & contributions
- Employer contributions
- $3,539,047
- Participant contributions
- $5,555,338
- Total contributions
- $9,372,544
- Total income / additions
- $26,234,650
Expenses & distributions
- Benefits paid
- $13,075,687
- Administrative expenses
- $381,872
- Total expenses
- $13,488,773
- Net increase / (decrease)
- $12,745,877
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Capfinancial Partners LLC | NONE | $173,892 | not reported in the loaded dataset | 2023 |
| Empower Annuity Insurance Company O | RECORDKEEPER | $169,230 | $0 | 2023 |
| Warren Averett LLC | AUDITOR | $26,000 | not reported in the loaded dataset | 2023 |
| Burr & Forman Llp | ATTORNEY | $7,371 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Alabama Farmers Cooperative Inc.
- 2023 Form 5500 filing
- Form 5500 filings in AL
- 401(k) and benefit plan filings in Decatur, AL
- Capfinancial Partners LLC — Schedule C compensation
- Empower Annuity Insurance Company O — Schedule C compensation
- Warren Averett LLC — Schedule C compensation
- Burr & Forman Llp — Schedule C compensation