Retirement plan

UPSTATE NIAGARA COOPERATIVE, INC. RETIREMENT PLAN

Name: UPSTATE NIAGARA COOPERATIVE, INC. - UPSTATE NIAGARA COOPERATIVE, INC. RETIREMENT PLAN (2015) Form 5500
Creator: UPSTATE NIAGARA COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPSTATE NIAGARA COOPERATIVE, INC. RETIREMENT PLAN, UPSTATE NIAGARA COOPERATIVE, INC.

UPSTATE NIAGARA COOPERATIVE, INC.EIN 16-0845625Plan #006PY 2015

25 ANDERSON ROAD - BUFFALO, NY 14225716-892-3156uncdairy.comLinkedIn1001-5000 employeesfood & beverages

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed September 21, 1992

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.

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Total assets (EOY)

$50.6M

No prior year

Total participants

377

No prior year

Average account balance

$141,458

No prior year

Annual return

-1.86%

No prior year

Benchmarks

See 601 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort601 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$132.66M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

1,342

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$52

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL INSURANCE CO. Service code 28 · EIN 22-1211670	Investment Management	$76,234
PRUDENTIAL RETIREMENT INSURANCE AND1+ years Filed as: PRUDENTIAL TRUST CO. Service code 28 · EIN 23-6994310	Investment Management	$24,072
WESTMINSTER CONSULTING, LLC1+ years Filed as: WESTMINSTER CONSULTING LLC Service code 28 · EIN 45-3679779	Investment Management	$18,750
CHARLES SCHWAB & CO., INC.1+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES Service code 15 · EIN 34-1479833	Recordkeeping	$6,640
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782	Securities brokerage; Shareholder ser...	$4,019
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H2R

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.
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.
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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$84 / participant

Investment mgmt$19K73.8%
Other / not subdivided$7K26.2%

% of EOY assets

0.050%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DOPKINS & COMPANY LLP
Auditor EIN: 160929175
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,458

$48,277+193.0%

$63,517+122.7%

$55,191+156.3%

Participation rate

93.8%

69.4%+24.4pp

71.0%+22.7pp

69.2%+24.6pp

Annual return

-1.86%

2.37%-4.2pp

-70.30%+68.4pp

10.78%-12.6pp

Employer contribution / active EE

$5,240

$1,592+229.1%

$2,322+125.7%

$1,899+176.0%

Participant deferral / active EE

$5,400

$2,432+122.0%

$2,953+82.8%

$3,046+77.3%

Admin fee / account holder

$71

$86-17.5%

$5,892-98.8%

$91-21.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL INSURANCE CO.

Service code 28 · EIN 22-1211670

Investment Management

$76,234

PRUDENTIAL RETIREMENT INSURANCE AND1+ years

Filed as: PRUDENTIAL TRUST CO.

Service code 28 · EIN 23-6994310

Investment Management

$24,072

WESTMINSTER CONSULTING, LLC1+ years

Filed as: WESTMINSTER CONSULTING LLC

Service code 28 · EIN 45-3679779

Investment Management

$18,750

CHARLES SCHWAB & CO., INC.1+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES

Service code 15 · EIN 34-1479833

Recordkeeping

$6,640

CHARLES SCHWAB & CO., INC.1+ years

Service code 33 · EIN 94-1737782

Securities brokerage; Shareholder ser...

$4,019

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

UPSTATE NIAGARA COOPERATIVE, INC. RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPSTATE NIAGARA COOPERATIVE, INC. RETIREMENT PLAN

Top hat statement on fileNQDC

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