Farmers Telecommunications Cooperative, Inc. Welfare Benefits Plan — Form 5500 plan (Farmers Telecommunications 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, Farmers Telecommunications Cooperative, Inc. Welfare Benefits Plan is a benefit plan reported by Farmers Telecommunications Cooperative, Inc under EIN 63-0328420 and plan number 501. The latest loaded filing year is 2023. The filing reports 174 participants and $13,835,577 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Farmers Telecommunications Cooperative, Inc
EIN
63-0328420
Plan number
501
Plan type
2
Location
Rainsville, AL
Latest filing year
2023
Participants
174
End-of-year plan assets
$13,835,577

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023174H, C20241011143459NAL0012601459001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$13,835,577
Total liabilities (EOY)
$1,239,657
Net assets (EOY)
$12,595,920
Net assets (BOY)
$10,465,646

Income & contributions

Employer contributions
$4,231,007
Participant contributions
$292,601
Total contributions
$4,523,608
Total income / additions
$5,795,003

Expenses & distributions

Benefits paid
$3,595,950
Administrative expenses
$68,779
Total expenses
$3,664,729
Net increase / (decrease)
$2,130,274

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Wells Fargo Clearing ServicesNONE$49,775$02023
Blue Cross Blue Shield Of AlabamaNONE$6,427$02023

Related Form 5500 pages