Retirement plan

CENTRAL OHIO FARMERS CO-OP, INC. /

Name: CENTRAL OHIO FARMERS CO-OP, INC/ MORRAL COMPANIES, LLC - CENTRAL OHIO FARMERS CO-OP, INC. / (2024) Form 5500
Creator: CENTRAL OHIO FARMERS CO-OP, INC/ MORRAL COMPANIES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL OHIO FARMERS CO-OP, INC. /, CENTRAL OHIO FARMERS CO-OP, INC/ MORRAL COMPANIES, LLC

CENTRAL OHIO FARMERS CO-OP, INC/ MORRAL COMPANIES, LLCEIN 31-1717226Plan #003PY 2024

751 E. FARMING ST. - MARION, OH 43302740-383-2158

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$25.7M

+13.1% from 2023

Total participants

279

+3.3% from 2023

Average account balance

$129,598

+54.3% from 2023

Annual return

13.34%

-2.76 pp from 2023

Benchmarks

See 575 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort575 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.66M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

198

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.

59.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$261

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$34,718
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL NICOLAUS & CO, INC. Service code 27	Advisory (Plan)	$11,975
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$10,177
JACOB, HAXTON & BOORD, LLC1 year Service code 13	Contract Administrator	$4,051
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$296

Plan features & details

Pension benefit codes2F2G2J2K2E

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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$52K

$261 / participant

Contract admin$52K100.0%

% of EOY assets

0.201%

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: BALESTRA, HARR, & SCHERER, CPAS INC
Auditor EIN: 311413363
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,598

$62,393+107.7%

$120,580+7.5%

$74,478+74.0%

Participation rate

59.1%

56.8%+2.3pp

72.0%-12.9pp

67.2%-8.1pp

Annual return

13.34%

18.61%-5.3pp

107.48%-94.1pp

1370.56%-1357.2pp

Employer contribution / active EE

$6,768

$1,845+266.9%

$3,469+95.1%

$2,626+157.7%

Participant deferral / active EE

$4,825

$2,886+67.2%

$4,995-3.4%

$4,350+10.9%

Admin fee / account holder

$261

$2,396-89.1%

$9,418-97.2%

$1,946-86.6%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$34,718

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL NICOLAUS & CO, INC.

Service code 27

Advisory (Plan)

$11,975

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$10,177

JACOB, HAXTON & BOORD, LLC1 year

Service code 13

Contract Administrator

$4,051

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$296

CENTRAL OHIO FARMERS CO-OP, INC. /

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL OHIO FARMERS CO-OP, INC. /

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