Retirement plan

BURNETT DAIRY CO-OP 401(K) PLAN

Name: BURNETT DAIRY CO-OP - BURNETT DAIRY CO-OP 401(K) PLAN (2019) Form 5500
Creator: BURNETT DAIRY CO-OP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURNETT DAIRY CO-OP 401(K) PLAN, BURNETT DAIRY CO-OP

BURNETT DAIRY CO-OPEIN 39-1085908Plan #002PY 2019

11631 STATE ROAD 70 - GRANTSBURG, WI 54840715-689-2012LinkedIn11-50 employeesinformation technology and services

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7M

+26.6% from 2018

Total participants

294

+3.9% from 2018

Average account balance

$34,072

+24.2% from 2018

Annual return

21.50%

+26.23 pp from 2018

Benchmarks

See 691 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.32M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

314

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSMUTUAL LIFE INSURANCE CO. Service code 15 · EIN 04-1590850	Recordkeeping	$6,625
RELIANCE TRUST COMPANY5+ years Service code 25 · EIN 58-1428634	Directed Trustee	$325
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 28 · EIN 61-1732930	Investment Management	$0

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$25K

$92 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.351%

all-in expense ratio

Categories reported

0 / 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: CARLSONSV, LLP
Auditor EIN: 411562398
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,072

$55,790-38.9%

$76,667-55.6%

$67,582-49.6%

Participation rate

67.3%

71.1%-3.8pp

72.1%-4.8pp

71.3%-4.0pp

Annual return

21.50%

64.45%-43.0pp

1166.74%-1145.2pp

378.57%-357.1pp

Employer contribution / active EE

$1,385

$1,810-23.5%

$2,303-39.9%

$2,148-35.5%

Participant deferral / active EE

$2,324

$2,875-19.1%

$3,336-30.3%

$3,539-34.3%

Admin fee / account holder

$120

$159-24.8%

$6,423-98.1%

$142-15.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSMUTUAL LIFE INSURANCE CO.

Service code 15 · EIN 04-1590850

Recordkeeping

$6,625

RELIANCE TRUST COMPANY5+ years

Service code 25 · EIN 58-1428634

Directed Trustee

$325

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 28 · EIN 61-1732930

Investment Management

BURNETT DAIRY CO-OP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURNETT DAIRY 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