Retirement plan

RETIREMENT SAVINGS PLAN

Name: CORTEVA AGRISCIENCE, LLC - RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: CORTEVA AGRISCIENCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT SAVINGS PLAN, CORTEVA AGRISCIENCE, LLC

CORTEVA AGRISCIENCE, LLCEIN 35-1781118Plan #002PY 2023

974 CENTRE ROAD, CHESTNUT RUN PLAZA, 735/4355-8 - WILMINGTON, DE 19805302-485-3492corteva.comLinkedIn10001+ employeesfarming

Prospect flagsHigh retiree %Low returnsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed May 15, 2005 (most recent of 2 filings on file)

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)

$6839.3M

+4.3% from 2022

Total participants

26,098

-5.3% from 2022

Average account balance

$262,858

+8.3% from 2022

Annual return

13.74%

+25.88 pp from 2022

Benchmarks

See 57 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort57 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.02B

Not enough data

1 years with asset history on file

Average account balance

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

$287K

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.

24,441

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$213.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+11.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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 6 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH, PIERCE, FENNER&SMITH Service code 15 · EIN 13-5674085	Recordkeeping	$1,192,117
PRICEWATERHOUSECOOPERS LLP1 year Filed as: PRICEWATERHOUSECOOPERS Service code 10 · EIN 13-4008324	Accounting	$66,646
BALLARD SPAHR LLP2+ years Service code 29 · EIN 23-0382195	Legal	$37,450
MERCER1 year Filed as: MERCER INVESTMENT MANAGEMENT Service code 16 · EIN 30-0282430	Consulting	$35,000
ERNST & YOUNG LLP1 year Service code 16 · EIN 34-6565596	Consulting	$18,000
FIDUCIARY COUNSELORS INC.2+ years Service code 16 700 12TH STREET NW · WASHINGTON, DC 20005	Consulting	$8,000

Plan features & details

Pension benefit codes2E2F2G2J2K2O2R2S2T3F3H

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$1.3M

$138 / participant

Recordkeeping$1M89.3%
Trustee / custodial$38K2.9%
Legal$37K2.8%
Other / not subdivided$67K5.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEWATERHOUSECOOPERS
Auditor EIN: 134008324
Audit fees: $66,646
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$262,858

$136,310+92.8%

$98,461+167.0%

$103,590+153.7%

Participation rate

99.2%

89.2%+9.9pp

75.2%+24.0pp

73.3%+25.8pp

Annual return

13.74%

19.67%-5.9pp

21.17%-7.4pp

33.13%-19.4pp

Employer contribution / active EE

$10,491

$4,714+122.6%

$3,049+244.1%

$3,213+226.5%

Participant deferral / active EE

$12,119

$7,358+64.7%

$4,738+155.8%

$5,214+132.4%

Admin fee / account holder

$51

$76-32.5%

$8,961-99.4%

$114-55.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER&SMITH

Service code 15 · EIN 13-5674085

Recordkeeping

$1,192,117

PRICEWATERHOUSECOOPERS LLP1 year

Filed as: PRICEWATERHOUSECOOPERS

Service code 10 · EIN 13-4008324

Accounting

$66,646

BALLARD SPAHR LLP2+ years

Service code 29 · EIN 23-0382195

Legal

$37,450

MERCER1 year

Filed as: MERCER INVESTMENT MANAGEMENT

Service code 16 · EIN 30-0282430

Consulting

$35,000

ERNST & YOUNG LLP1 year

Service code 16 · EIN 34-6565596

Consulting

$18,000

FIDUCIARY COUNSELORS INC.2+ years

Service code 16

700 12TH STREET NW · WASHINGTON, DC 20005

Consulting

$8,000

RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT SAVINGS 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