Central Farm Service 401(k) Plan: Login, Facts & Contact Information

Central Farm Service 401(k) Plan Facts

Plan name
CENTRAL FARM SERVICE 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CENTRAL FARM SERVICE
Participants
421 (300 active employees)
Former employees with a balance
111
Plan assets
$41,833,880 at Dec 31, 2024
Average account balance
$104,324 across 401 accounts
Employer contributions
$952,766 in plan year 2024 (38% of all contributions)
Recordkeeper
Alerus Financial, N.a.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 21, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.52 million went into the plan in contributions, $952,766 of it from the employer (38%).
  • $3.96 million was paid out to participants.
  • Investment and other income added $4.78 million.
  • Administrative expenses were $66,138, about $165 per account.

How the Central Farm Service 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019455$31.6 million$730,837$4.27 million
2020419$37.1 million$753,429$1.60 million
2021407$43.3 million$803,660$3.42 million
2022402$33.0 million$851,038$4.50 million
2023407$38.2 million$911,479$2.64 million
2024421$41.8 million$952,766$3.96 million

Central Farm Service 401(k) Contact Information

Phone
507-776-2831
Mailing address
233 W CIRO ST., TRUMAN MN 56088
Plan sponsor
CENTRAL FARM SERVICE
Employer identification number (EIN)
81-0923572
Plan number
001

Questions about the Central Farm Service 401(k)

Does Central Farm Service contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $952,766, 38% of all contributions.

Does the Central Farm Service 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Central Farm Service 401(k) plan?

421 participants at the start of plan year 2024, 300 of them active employees, and 111 former employees who still had money in the plan.

What is the average 401(k) balance at Central Farm Service?

About $104,324 per account: $41.8 million in plan assets across 401 accounts with a balance at the end of plan year 2024.

Who manages the Central Farm Service 401(k) accounts?

Alerus (listed on the filing as ALERUS FINANCIAL, N.A.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Central Farm Service. How do I access my 401(k)?

Your account stays with Alerus after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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