Retirement plan

CHERRY CENTRAL COOPERATIVE, INC. EMPLOYEES PROFIT SHARING AND INVESTMENT PLAN

Name: CHERRY CENTRAL COOPERATIVE, INC. - CHERRY CENTRAL COOPERATIVE, INC. EMPLOYEES PROFIT SHARING AND INVESTMENT PLAN (2018) Form 5500
Creator: CHERRY CENTRAL COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHERRY CENTRAL COOPERATIVE, INC. EMPLOYEES PROFIT SHARING AND INVESTMENT PLAN, CHERRY CENTRAL COOPERATIVE, INC.

CHERRY CENTRAL COOPERATIVE, INC.EIN 38-2010272Plan #001PY 2018

1771 N US 31 NORTH - TRAVERSE CITY, MI 496850988231-946-1860

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$13.2M

+1.4% from 2017

Total participants

351

-13.3% from 2017

Average account balance

$65,252

-11.1% from 2017

Annual return

7.83%

-1.29 pp from 2017

Benchmarks

See 705 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort705 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.49M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

287

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+8.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$274

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 3 by compensation

Provider	Service type	Compensation
PLANTE & MORAN, PLLC3+ years Filed as: PLANTE MORAN FINANCIAL SERVICES Service code 26 · EIN 38-3123123	Advisory (Participants)	$31,298
ALLIANCE BENEFIT GROUP3+ years Filed as: ALLIANCE BENEFIT GROUP OF MI, INC. Service code 15 · EIN 38-2738460	Recordkeeping	$16,508
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$6,071

Plan features & details

Pension benefit codes2E2F2G2J3D3H2T

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

Expense breakdown

Schedule H Part II

Admin total

$54K

$167 / participant

Investment mgmt$54K100.0%

% of EOY assets

0.407%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DGN, LLC
Auditor EIN: 202349670
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,252

$48,261+35.2%

$68,612-4.9%

$55,725+17.1%

Participation rate

54.0%

71.0%-17.0pp

72.2%-18.2pp

70.9%-16.8pp

Annual return

7.83%

-2.61%+10.4pp

-4.63%+12.5pp

244.93%-237.1pp

Employer contribution / active EE

$1,299

$1,742-25.4%

$2,625-50.5%

$2,078-37.5%

Participant deferral / active EE

$1,134

$2,712-58.2%

$3,311-65.8%

$3,356-66.2%

Admin fee / account holder

$265

$126+110.4%

$5,131-94.8%

$115+130.4%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC3+ years

Filed as: PLANTE MORAN FINANCIAL SERVICES

Service code 26 · EIN 38-3123123

Advisory (Participants)

$31,298

ALLIANCE BENEFIT GROUP3+ years

Filed as: ALLIANCE BENEFIT GROUP OF MI, INC.

Service code 15 · EIN 38-2738460

Recordkeeping

$16,508

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$6,071

CHERRY CENTRAL COOPERATIVE, INC. EMPLOYEES PROFIT SHARING AND INVESTMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHERRY CENTRAL COOPERATIVE, INC. EMPLOYEES PROFIT SHARING AND INVESTMENT 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