Retirement plan

COOPERATIVE SAVINGS PLAN

Name: COOPERATIVE PENSION / SAVINGS BOARD - COOPERATIVE SAVINGS PLAN (2023) Form 5500
Creator: COOPERATIVE PENSION / SAVINGS BOARD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COOPERATIVE SAVINGS PLAN, COOPERATIVE PENSION / SAVINGS BOARD

COOPERATIVE PENSION / SAVINGS BOARDEIN 31-1257147Plan #335PY 2023

5750 CASTLE CREEK PARKWAY SUITE 245 - INDIANAPOLIS, IN 46250888-400-6661

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$417.1M

-6.2% from 2016

Total participants

6,423

-2.8% from 2016

Average account balance

$77,810

-3.6% from 2016

Annual return

17.69%

-8.20 pp from 2016

Benchmarks

See 78 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort78 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$455.50M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

5,435

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.

86.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$35.11M

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

+12.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$184

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 6 by compensation

Provider	Service type	Compensation
NYHART9+ years Service code 15 · EIN 35-0966414	Recordkeeping	$399,303
BAKER & HOSTETLER LLP9+ years Filed as: BAKER & HOSTETLER, LLP Service code 29 · EIN 34-0082025	Legal	$157,804
OXFORD FINANCIAL GROUP, LTD9+ years Service code 27 · EIN 35-1588335	Advisory (Plan)	$148,876
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB TRUST BANK Service code 21 · EIN 82-3967259	Bank Trustee	$122,993
FORVIS, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$20,895
MMA SECURITIES LLC1 year Filed as: MARSH USA, INC. Service code 21 · EIN 36-1436000	Bank Trustee	$9,219

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T2U3H

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.
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.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$859K

$173 / participant

Recordkeeping$399K46.5%
Trustee / custodial$123K14.3%
Investment mgmt$149K17.3%
Legal$158K18.4%
Other / not subdivided$30K3.5%

% of EOY assets

0.206%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $20,895
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,810

$50,287+54.7%

$112,234-30.7%

$80,187-3.0%

Participation rate

78.6%

52.9%+25.7pp

72.4%+6.1pp

72.9%+5.6pp

Annual return

17.69%

19.72%-2.0pp

30.25%-12.6pp

40.40%-22.7pp

Employer contribution / active EE

$2,758

$1,211+127.8%

$3,432-19.6%

$2,980-7.4%

Participant deferral / active EE

$4,113

$2,265+81.6%

$4,800-14.3%

$5,016-18.0%

Admin fee / account holder

$160

$114+41.1%

$7,752-97.9%

$145+10.5%

Provider

Service type

Compensation

NYHART9+ years

Service code 15 · EIN 35-0966414

Recordkeeping

$399,303

BAKER & HOSTETLER LLP9+ years

Filed as: BAKER & HOSTETLER, LLP

Service code 29 · EIN 34-0082025

Legal

$157,804

OXFORD FINANCIAL GROUP, LTD9+ years

Service code 27 · EIN 35-1588335

Advisory (Plan)

$148,876

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 21 · EIN 82-3967259

Bank Trustee

$122,993

FORVIS, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$20,895

MMA SECURITIES LLC1 year

Filed as: MARSH USA, INC.

Service code 21 · EIN 36-1436000

Bank Trustee

$9,219

COOPERATIVE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COOPERATIVE SAVINGS 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