Illinois Farm Business Farm Management Association 401(k) match, vesting and fees
What Illinois Farm Business Farm Management Association's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Illinois Farm Business Farm Management Association: employer contribution per participant | $4,584 | |
| Peer median | $1,803 |
| Illinois Farm Business Farm Management Association: average balance | $190,769 | |
| Peer median | $48,934 |
| Illinois Farm Business Farm Management Association: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $28.6M at the end of plan year 2021 to $30M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 181 | $30M | $720K | $4,584 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 170 | $27.7M | $547K | $3,724 | 0.02% | Not published | Form 5500 ↗ |
| 2022 | 154 | $22.3M | $507K | $3,674 | 0.01% | Not published | Form 5500 ↗ |
| 2021 | 144 | $28.6M | $456K | $3,480 | 0.01% | Not published | Form 5500 ↗ |
Common questions
Does Illinois Farm Business Farm Management Association match 401(k) contributions?
The match terms for the Illinois Farm Business Farm Management Association 401(k) Retirement Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $720K in employer contributions, about $4,584 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Illinois Farm Business Farm Management Association 401(k) match vested?
The vesting schedule for the Illinois Farm Business Farm Management Association 401(k) Retirement Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Illinois Farm Business Farm Management Association 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Illinois Farm Business Farm Management Association.
I left Illinois Farm Business Farm Management Association. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Illinois Farm Business Farm Management Association, (217) 333-5511) or the recordkeeper, Fidelity Investments Institutional. The Illinois Farm Business Farm Management Association old 401(k) page lists the contacts from every plan filing. Find an old Illinois Farm Business Farm Management Association 401(k)
Data from the public Form 5500 annual reports Illinois Farm Business Farm Management Association filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Illinois Farm Business Farm Management Association. Not financial advice. Report a correction · Methodology