Retirement plan

CO-OP 401(K) PLAN

Name: DAIRY ONE COOPERATIVE, INC. - CO-OP 401(K) PLAN (2021) Form 5500
Creator: DAIRY ONE COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CO-OP 401(K) PLAN, DAIRY ONE COOPERATIVE, INC.

DAIRY ONE COOPERATIVE, INC.EIN 15-0545333Plan #001PY 2021

730 WARREN ROAD - ITHACA, NY 148501242315-433-0100dairyone.comLinkedIn201-500 employeesdairy

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$39.9M

+6.1% from 2020

Total participants

397

+21.4% from 2020

Average account balance

$108,687

-6.9% from 2020

Annual return

12.02%

-6.86 pp from 2020

Benchmarks

See 500 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort500 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$38.87M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$87K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

445

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$144

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.7+ years Service code 15 · EIN 91-0675641	Recordkeeping	$31,968
AGRI-INVEST, LLC7+ years Filed as: AGRI-INVEST Service code 28 · EIN 16-1558455	Investment Management	$12,758
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB INVESTMENT MGMT Service code 21 · EIN 94-3106735	Bank Trustee	$7,061

Plan features & details

Pension benefit codes3D2E2F2G2J2K2T

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.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$66K

$274 / participant

Other / not subdivided$66K100.0%

% of EOY assets

0.165%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HERBEIN & COMPANY, INC.
Auditor EIN: 232415973
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,687

$65,862+65.0%

$124,693-12.8%

$79,391+36.9%

Participation rate

87.6%

62.2%+25.3pp

74.6%+12.9pp

70.7%+16.8pp

Annual return

12.02%

19.02%-7.0pp

5144.19%-5132.2pp

116.88%-104.9pp

Employer contribution / active EE

$2,498

$1,883+32.6%

$3,324-24.9%

$2,428+2.9%

Participant deferral / active EE

$3,513

$2,772+26.7%

$4,615-23.9%

$4,046-13.2%

Admin fee / account holder

$180

$673-73.3%

$7,494-97.6%

$627-71.3%

Provider

Service type

Compensation

MILLIMAN, INC.7+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$31,968

AGRI-INVEST, LLC7+ years

Filed as: AGRI-INVEST

Service code 28 · EIN 16-1558455

Investment Management

$12,758

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB INVESTMENT MGMT

Service code 21 · EIN 94-3106735

Bank Trustee

$7,061

CO-OP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CO-OP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion