Civic Intelligence

Freeborn Mower Electric Cooperative

Plan context: Freeborn Mower Electric Cooperative 401(K) Retirement Plan

EIN 41-0266055 • Albert Lea, MN • 24 filings • 3 plans

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3366 Bridge AvenuePO Box 611Albert Lea, MN 56007
Current Snapshot

Latest Year

2024

2024 Participants

83

2024 Assets

$17,912,600

2024 Contributions

$1,311,542

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$17,912,600$8,956,300$0200020132024YearValue
$17,912,600Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

83420200020132024YearValue
83Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024183$17,912,600$1,311,542$15,802iApproximate average salary by contribution assumption: employee only about $395,043 at 4% or $263,362 at 6%; with 50% employer match about $263,362 at 4% or $175,575 at 6%; with 100% employer match about $197,521 at 4% or $131,681 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-83$17,912,600$1,311,542$15,802iApproximate average salary by contribution assumption: employee only about $395,043 at 4% or $263,362 at 6%; with 50% employer match about $263,362 at 4% or $175,575 at 6%; with 100% employer match about $197,521 at 4% or $131,681 at 6%.
2023180$15,150,465$972,362$12,155iApproximate average salary by contribution assumption: employee only about $303,863 at 4% or $202,575 at 6%; with 50% employer match about $202,575 at 4% or $135,050 at 6%; with 100% employer match about $151,932 at 4% or $101,288 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-80$15,150,465$972,362$12,155iApproximate average salary by contribution assumption: employee only about $303,863 at 4% or $202,575 at 6%; with 50% employer match about $202,575 at 4% or $135,050 at 6%; with 100% employer match about $151,932 at 4% or $101,288 at 6%.
2022173$12,645,568$923,119$12,645iApproximate average salary by contribution assumption: employee only about $316,137 at 4% or $210,758 at 6%; with 50% employer match about $210,758 at 4% or $140,505 at 6%; with 100% employer match about $158,068 at 4% or $105,379 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-73$12,645,568$923,119$12,645iApproximate average salary by contribution assumption: employee only about $316,137 at 4% or $210,758 at 6%; with 50% employer match about $210,758 at 4% or $140,505 at 6%; with 100% employer match about $158,068 at 4% or $105,379 at 6%.
2021175$16,398,680$992,828$13,238iApproximate average salary by contribution assumption: employee only about $330,943 at 4% or $220,628 at 6%; with 50% employer match about $220,628 at 4% or $147,086 at 6%; with 100% employer match about $165,471 at 4% or $110,314 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-75$16,398,680$992,828$13,238iApproximate average salary by contribution assumption: employee only about $330,943 at 4% or $220,628 at 6%; with 50% employer match about $220,628 at 4% or $147,086 at 6%; with 100% employer match about $165,471 at 4% or $110,314 at 6%.
2020167$13,805,644$805,750$12,026iApproximate average salary by contribution assumption: employee only about $300,653 at 4% or $200,435 at 6%; with 50% employer match about $200,435 at 4% or $133,624 at 6%; with 100% employer match about $150,326 at 4% or $100,218 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-67$13,805,644$805,750$12,026iApproximate average salary by contribution assumption: employee only about $300,653 at 4% or $200,435 at 6%; with 50% employer match about $200,435 at 4% or $133,624 at 6%; with 100% employer match about $150,326 at 4% or $100,218 at 6%.
2019168$11,264,209$794,511$11,684iApproximate average salary by contribution assumption: employee only about $292,100 at 4% or $194,733 at 6%; with 50% employer match about $194,733 at 4% or $129,822 at 6%; with 100% employer match about $146,050 at 4% or $97,367 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-68$11,264,209$794,511$11,684iApproximate average salary by contribution assumption: employee only about $292,100 at 4% or $194,733 at 6%; with 50% employer match about $194,733 at 4% or $129,822 at 6%; with 100% employer match about $146,050 at 4% or $97,367 at 6%.
2018164$8,821,923$948,325$14,818iApproximate average salary by contribution assumption: employee only about $370,439 at 4% or $246,960 at 6%; with 50% employer match about $246,960 at 4% or $164,640 at 6%; with 100% employer match about $185,220 at 4% or $123,480 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-64$8,821,923$948,325$14,818iApproximate average salary by contribution assumption: employee only about $370,439 at 4% or $246,960 at 6%; with 50% employer match about $246,960 at 4% or $164,640 at 6%; with 100% employer match about $185,220 at 4% or $123,480 at 6%.
2017165$8,500,438$733,357$11,282iApproximate average salary by contribution assumption: employee only about $282,060 at 4% or $188,040 at 6%; with 50% employer match about $188,040 at 4% or $125,360 at 6%; with 100% employer match about $141,030 at 4% or $94,020 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-65$8,500,438$733,357$11,282iApproximate average salary by contribution assumption: employee only about $282,060 at 4% or $188,040 at 6%; with 50% employer match about $188,040 at 4% or $125,360 at 6%; with 100% employer match about $141,030 at 4% or $94,020 at 6%.
2016167$6,931,765$781,721$11,667iApproximate average salary by contribution assumption: employee only about $291,687 at 4% or $194,458 at 6%; with 50% employer match about $194,458 at 4% or $129,639 at 6%; with 100% employer match about $145,843 at 4% or $97,229 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-67$6,931,765$781,721$11,667iApproximate average salary by contribution assumption: employee only about $291,687 at 4% or $194,458 at 6%; with 50% employer match about $194,458 at 4% or $129,639 at 6%; with 100% employer match about $145,843 at 4% or $97,229 at 6%.
2015165$5,696,205$1,125,460$17,315iApproximate average salary by contribution assumption: employee only about $432,869 at 4% or $288,579 at 6%; with 50% employer match about $288,579 at 4% or $192,386 at 6%; with 100% employer match about $216,435 at 4% or $144,290 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-65$5,696,205$1,125,460$17,315iApproximate average salary by contribution assumption: employee only about $432,869 at 4% or $288,579 at 6%; with 50% employer match about $288,579 at 4% or $192,386 at 6%; with 100% employer match about $216,435 at 4% or $144,290 at 6%.
2014138$4,619,581$330,555$8,699iApproximate average salary by contribution assumption: employee only about $217,470 at 4% or $144,980 at 6%; with 50% employer match about $144,980 at 4% or $96,654 at 6%; with 100% employer match about $108,735 at 4% or $72,490 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-38$4,619,581$330,555$8,699iApproximate average salary by contribution assumption: employee only about $217,470 at 4% or $144,980 at 6%; with 50% employer match about $144,980 at 4% or $96,654 at 6%; with 100% employer match about $108,735 at 4% or $72,490 at 6%.
2013134$4,166,524$334,698$9,844iApproximate average salary by contribution assumption: employee only about $246,101 at 4% or $164,068 at 6%; with 50% employer match about $164,068 at 4% or $109,378 at 6%; with 100% employer match about $123,051 at 4% or $82,034 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-34$4,166,524$334,698$9,844iApproximate average salary by contribution assumption: employee only about $246,101 at 4% or $164,068 at 6%; with 50% employer match about $164,068 at 4% or $109,378 at 6%; with 100% employer match about $123,051 at 4% or $82,034 at 6%.
2012134$3,580,770$287,289$8,450iApproximate average salary by contribution assumption: employee only about $211,242 at 4% or $140,828 at 6%; with 50% employer match about $140,828 at 4% or $93,885 at 6%; with 100% employer match about $105,621 at 4% or $70,414 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-34$3,580,770$287,289$8,450iApproximate average salary by contribution assumption: employee only about $211,242 at 4% or $140,828 at 6%; with 50% employer match about $140,828 at 4% or $93,885 at 6%; with 100% employer match about $105,621 at 4% or $70,414 at 6%.
2011134$3,505,113$260,262$7,655iApproximate average salary by contribution assumption: employee only about $191,369 at 4% or $127,579 at 6%; with 50% employer match about $127,579 at 4% or $85,053 at 6%; with 100% employer match about $95,685 at 4% or $63,790 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-34$3,505,113$260,262$7,655iApproximate average salary by contribution assumption: employee only about $191,369 at 4% or $127,579 at 6%; with 50% employer match about $127,579 at 4% or $85,053 at 6%; with 100% employer match about $95,685 at 4% or $63,790 at 6%.
2010133$3,380,510$265,492$8,045iApproximate average salary by contribution assumption: employee only about $201,130 at 4% or $134,087 at 6%; with 50% employer match about $134,087 at 4% or $89,391 at 6%; with 100% employer match about $100,565 at 4% or $67,043 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-33$3,380,510$265,492$8,045iApproximate average salary by contribution assumption: employee only about $201,130 at 4% or $134,087 at 6%; with 50% employer match about $134,087 at 4% or $89,391 at 6%; with 100% employer match about $100,565 at 4% or $67,043 at 6%.
2009134$3,005,194$277,162$8,152iApproximate average salary by contribution assumption: employee only about $203,796 at 4% or $135,864 at 6%; with 50% employer match about $135,864 at 4% or $90,576 at 6%; with 100% employer match about $101,898 at 4% or $67,932 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-34$3,005,194$277,162$8,152iApproximate average salary by contribution assumption: employee only about $203,796 at 4% or $135,864 at 6%; with 50% employer match about $135,864 at 4% or $90,576 at 6%; with 100% employer match about $101,898 at 4% or $67,932 at 6%.
2008131$2,035,341$414,818$13,381iApproximate average salary by contribution assumption: employee only about $334,531 at 4% or $223,020 at 6%; with 50% employer match about $223,020 at 4% or $148,680 at 6%; with 100% employer match about $167,265 at 4% or $111,510 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-31$2,035,341$414,818$13,381iApproximate average salary by contribution assumption: employee only about $334,531 at 4% or $223,020 at 6%; with 50% employer match about $223,020 at 4% or $148,680 at 6%; with 100% employer match about $167,265 at 4% or $111,510 at 6%.
2007132$3,357,231$217,794$6,806iApproximate average salary by contribution assumption: employee only about $170,152 at 4% or $113,434 at 6%; with 50% employer match about $113,434 at 4% or $75,623 at 6%; with 100% employer match about $85,076 at 4% or $56,717 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-32$3,357,231$217,794$6,806iApproximate average salary by contribution assumption: employee only about $170,152 at 4% or $113,434 at 6%; with 50% employer match about $113,434 at 4% or $75,623 at 6%; with 100% employer match about $85,076 at 4% or $56,717 at 6%.
2006130$2,990,797$197,465$6,582iApproximate average salary by contribution assumption: employee only about $164,554 at 4% or $109,703 at 6%; with 50% employer match about $109,703 at 4% or $73,135 at 6%; with 100% employer match about $82,277 at 4% or $54,851 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-30$2,990,797$197,465$6,582iApproximate average salary by contribution assumption: employee only about $164,554 at 4% or $109,703 at 6%; with 50% employer match about $109,703 at 4% or $73,135 at 6%; with 100% employer match about $82,277 at 4% or $54,851 at 6%.
2005128$2,488,007$187,103$6,682iApproximate average salary by contribution assumption: employee only about $167,056 at 4% or $111,371 at 6%; with 50% employer match about $111,371 at 4% or $74,247 at 6%; with 100% employer match about $83,528 at 4% or $55,685 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-28$2,488,007$187,103$6,682iApproximate average salary by contribution assumption: employee only about $167,056 at 4% or $111,371 at 6%; with 50% employer match about $111,371 at 4% or $74,247 at 6%; with 100% employer match about $83,528 at 4% or $55,685 at 6%.
2004131$2,934,069$208,862$6,737iApproximate average salary by contribution assumption: employee only about $168,437 at 4% or $112,291 at 6%; with 50% employer match about $112,291 at 4% or $74,861 at 6%; with 100% employer match about $84,219 at 4% or $56,146 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-31$2,934,069$208,862$6,737iApproximate average salary by contribution assumption: employee only about $168,437 at 4% or $112,291 at 6%; with 50% employer match about $112,291 at 4% or $74,861 at 6%; with 100% employer match about $84,219 at 4% or $56,146 at 6%.
2002128$1,728,472$196,024$7,001iApproximate average salary by contribution assumption: employee only about $175,021 at 4% or $116,681 at 6%; with 50% employer match about $116,681 at 4% or $77,787 at 6%; with 100% employer match about $87,511 at 4% or $58,340 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-28$1,728,472$196,024$7,001iApproximate average salary by contribution assumption: employee only about $175,021 at 4% or $116,681 at 6%; with 50% employer match about $116,681 at 4% or $77,787 at 6%; with 100% employer match about $87,511 at 4% or $58,340 at 6%.
2001128$0$0-
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-28---
2000127$2,112,600$111,525$4,131iApproximate average salary by contribution assumption: employee only about $103,264 at 4% or $68,843 at 6%; with 50% employer match about $68,843 at 4% or $45,895 at 6%; with 100% employer match about $51,632 at 4% or $34,421 at 6%.
Freeborn Mower Electric Cooperative 401(K) Retirement Plan-27$2,112,600$111,525$4,131iApproximate average salary by contribution assumption: employee only about $103,264 at 4% or $68,843 at 6%; with 50% employer match about $68,843 at 4% or $45,895 at 6%; with 100% employer match about $51,632 at 4% or $34,421 at 6%.