Retirement plan

NORTHERN OHIO GRAIN CO-OP 401 K PLAN

Name: NORTHERN OHIO GRAIN CO-OP, INC. - NORTHERN OHIO GRAIN CO-OP 401 K PLAN (2017) Form 5500
Creator: NORTHERN OHIO GRAIN CO-OP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN OHIO GRAIN CO-OP 401 K PLAN, NORTHERN OHIO GRAIN CO-OP, INC.

NORTHERN OHIO GRAIN CO-OP, INC.EIN 34-1697020Plan #002PY 2017

P.O. BOX 255 - GRAND RAPIDS, OH 43522419-832-4931LinkedIn11-50 employeesfarming

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$997K

+21.1% from 2016

Total participants

+8.3% from 2016

Average account balance

$99,697

+33.2% from 2016

Annual return

14.84%

+23.90 pp from 2016

Benchmarks

See 22,203 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,203 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

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

+9.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1298

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2F3D

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.
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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$13K

$1222 / participant

Other / not subdivided$13K100.0%

% of EOY assets

1.348%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,697

$144,124-30.8%

$117,857-15.4%

$147,585-32.4%

Participation rate

72.7%

83.4%-10.7pp

79.7%-6.9pp

82.8%-10.1pp

Annual return

14.84%

531.17%-516.3pp

335.09%-320.2pp

578.57%-563.7pp

Employer contribution / active EE

$4,492

$4,897-8.3%

$3,786+18.6%

$4,876-7.9%

Participant deferral / active EE

$195

$5,316-96.3%

$4,482-95.7%

$5,439-96.4%

Admin fee / account holder

$1,344

$10,886-87.7%

$8,020-83.2%

$10,885-87.7%

NORTHERN OHIO GRAIN CO-OP 401 K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN OHIO GRAIN 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