Minn-Dak Farmers Cooperative 401(k) match, vesting and fees
What Minn-Dak Farmers Cooperative'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 | Alerus Financial, N.A. | Schedule C ↗ |
| Independent auditor | Eide Bailly, 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 1,612 defined-contribution plans in manufacturing with 500 to 999 participants.
| Minn-Dak Farmers Cooperative: employer contribution per participant | $2,596 | |
| Peer median | $2,038 |
| Minn-Dak Farmers Cooperative: average balance | $73,808 | |
| Peer median | $72,907 |
| Minn-Dak Farmers Cooperative: admin expenses ÷ assets | 0.04% | |
| Peer median | 0.20% |
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 $52.9M at the end of plan year 2021 to $53.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 736 | $53.8M | $1.9M | $2,596 | 0.04% | Not published | Form 5500 ↗ |
| 2023 | 690 | $49.8M | $1.7M | $2,503 | 0.05% | Not published | Form 5500 ↗ |
| 2022 | 577 | $44.4M | $1.6M | $2,769 | 0.04% | Not published | Form 5500 ↗ |
| 2021 | 577 | $52.9M | $1.5M | $2,566 | 0.04% | Not published | Form 5500 ↗ |
Other Minn-Dak Farmers Cooperative plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Minn-Dak Farmers Cooperative Pension Plan
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.
| Independent auditor | Eide Bailly, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Minn-Dak Farmers Cooperative match 401(k) contributions?
The match terms for the Minn-Dak Farmers Cooperative 401(k) Salary Reduction Plan & Trust have not been published from its filing yet. The plan year 2024 filing reports $1.9M in employer contributions, about $2,596 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Minn-Dak Farmers Cooperative 401(k) match vested?
The vesting schedule for the Minn-Dak Farmers Cooperative 401(k) Salary Reduction Plan & Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Minn-Dak Farmers Cooperative 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Alerus Financial, N.A.. The plan administrator is Minn-Dak Farmers Cooperative.
I left Minn-Dak Farmers Cooperative. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Minn-Dak Farmers Cooperative, (701) 642-8411) or the recordkeeper, Alerus Financial, N.A.. The Minn-Dak Farmers Cooperative old 401(k) page lists the contacts from every plan filing. Find an old Minn-Dak Farmers Cooperative 401(k)
Data from the public Form 5500 annual reports Minn-Dak Farmers Cooperative 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 Minn-Dak Farmers Cooperative. Not financial advice. Report a correction · Methodology