Retirement plan

BURNETT DAIRY CO-OP 401(K) PLAN

Name: BURNETT DAIRY CO-OP - BURNETT DAIRY CO-OP 401(K) PLAN (2021) 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 2021

11631 STATE ROAD 70 - GRANTSBURG, WI 54840715-689-2000LinkedIn11-50 employeesinformation technology and services

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$8.8M

+13.4% from 2020

Total participants

306

+4.1% from 2020

Average account balance

$40,650

+53.8% from 2020

Annual return

12.67%

+0.62 pp from 2020

Benchmarks

See 703 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort703 peers

Snapshot2021

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 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EDWARD D JONES & CO Service code 50 · EIN 43-0345811	Direct Payment	$23,625
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GWLA Service code 15 · EIN 84-0467907	Recordkeeping	$4,930

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$29K

$111 / participant

Contract admin$5K17.3%
Other / not subdivided$24K82.7%

% of EOY assets

0.325%

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: CARLSON SV
Auditor EIN: 411562398
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,650

$66,528-38.9%

$86,625-53.1%

$86,821-53.2%

Participation rate

65.0%

72.4%-7.4pp

71.6%-6.7pp

72.3%-7.3pp

Annual return

12.67%

19.56%-6.9pp

63.52%-50.9pp

97.94%-85.3pp

Employer contribution / active EE

$1,578

$2,007-21.4%

$2,496-36.8%

$2,406-34.4%

Participant deferral / active EE

$2,678

$3,240-17.3%

$3,700-27.6%

$4,132-35.2%

Admin fee / account holder

$132

$148-10.8%

$5,830-97.7%

$170-22.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EDWARD D JONES & CO

Service code 50 · EIN 43-0345811

Direct Payment

$23,625

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GWLA

Service code 15 · EIN 84-0467907

Recordkeeping

$4,930

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