PlanOptica
Retirement plan

RETIREMENT SAVINGS PLAN

CORTEVA AGRISCIENCE, LLCEIN 35-1781118Plan #002PY 2022
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974 CENTRE ROAD, CHESTNUT RUN PLAZA, 735/4355-8 - WILMINGTON, DE 19805302-485-3492corteva.comLinkedIn10001+ employeesfarming
Prospect flagsHigh retiree %Failed to transmit contributions

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(302) 485-3492
Plan administrator signer
MARK DURKOVIC
Signed 06/28/2023
Plan administrator entity
BENEFIT PLANS ADMINISTRATIVE COMMITTEE
EIN 351781118
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Summary metrics

Total assets (EOY)
$6556.8M
-4.1% from 2023
Total participants
27,560
+5.6% from 2023
Average account balance
$242,639
-7.7% from 2023
Annual return
-12.14%
-25.88 pp from 2023

Benchmarks

See 47 peers
Peer group
Industry32 - Manufacturing
Plan typeDefined contribution
Participants5,000-9,999
Cohort47 peers
Snapshot2022
Participant deferral / active EE
$11,191
median $6,554
Employer contribution / active EE
$9,758
median $3,712
Participation rate
94.6%
median 95.4%
Avg account balance
$242,639
median $115,454
Admin fee / account holder
$47
median $63
Annual return
-12.14%
median -15.73%
Overall peer rank
76th percentileavg across 6 metrics

Analytics

2022 - 2024
Total assets (EOY)
Plan-year ending balance
$7.02B
Average account balance
Total assets / participants with a balance (line 6g)
$287K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
24,441
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
99.2%
Contributions (total)
Employer and participant dollars contributed each year
$213.23M
Contributions per participant
Average employer and participant contribution per enrolled participant
$22K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+11.20%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$44
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 3 by compensation
ProviderService typeCompensation
MERRILL LYNCH, PIERCE, FENNER&SMITH1+ years
Service code 15 · EIN 13-5674085
Recordkeeping
$1,258,394
BALLARD SPAHR LLP1+ years
Service code 29 · EIN 23-0382195
Legal
$35,829
FIDUCIARY COUNSELORS INC.1+ years
Service code 16
700 12TH STREET NW · WASHINGTON, DC 20005
Consulting
$8,000

Top hat statement on fileNQDC

Filed May 15, 2005 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3F3H
Plan features
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • 2J
    Code section 401(k) feature
    Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
  • 2K
    Code section 401(m) arrangement
    Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
  • 2O
    ESOP other than a leveraged ESOP
    Employee stock ownership plan that is not leveraged.
  • 2R
    Participant-directed brokerage accounts
    Participant-directed brokerage accounts provided as an investment option under the plan.
  • 2S
    Automatic enrollment
    Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
  • 2T
    Default investment account
    Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
  • 3F
    Leased employees
    Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped
  • ComplianceFailed to transmit contributions

    Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II
Admin total
$1.3M
$127 / participant
  • Contract admin$1M96.5%
  • Other / not subdivided$44K3.5%
% of EOY assets
0.019%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
PRICEWATERHOUSECOOPERS
Auditor EIN
134008324
Audit fees
(not subdivided)
Opinion code
Unqualified