Retirement plan

FEDERATED RURAL ELECTRIC ASSOCIATION MONEY PURCHASE PENSION PLAN

Name: FEDERATED RURAL ELECTRIC ASSOCIATION - FEDERATED RURAL ELECTRIC ASSOCIATION MONEY PURCHASE PENSION PLAN (2024) Form 5500
Creator: FEDERATED RURAL ELECTRIC ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FEDERATED RURAL ELECTRIC ASSOCIATION MONEY PURCHASE PENSION PLAN, FEDERATED RURAL ELECTRIC ASSOCIATION

FEDERATED RURAL ELECTRIC ASSOCIATIONEIN 41-0252540Plan #001PY 2024

77100 US HWY 71,, PO BOX 69 - JACKSON, MN 561430069507-847-3520federatedrea.coopLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$9.7M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

+17.3% from 2023

Total participants

+2.9% from 2023

Average account balance

$225,639

+14.0% from 2023

Annual return

13.11%

-3.70 pp from 2023

Benchmarks

See 675 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants25-99

Cohort675 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.90M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$328K

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

+13.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1418

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 codes2C2F2G2T3D3H

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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

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

$50K

$1773 / participant

Other / not subdivided$50K100.0%

% of EOY assets

0.629%

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

$225,639

$89,515+152.1%

$103,486+118.0%

$80,935+178.8%

Participation rate

96.4%

76.0%+20.4pp

80.5%+15.9pp

67.7%+28.8pp

Annual return

13.11%

22.82%-9.7pp

23.93%-10.8pp

35.66%-22.6pp

Employer contribution / active EE

$11,706

$4,015+191.5%

$4,679+150.2%

$2,757+324.6%

Participant deferral / active EE

$5,463-100.0%

$6,628-100.0%

$4,299-100.0%

Admin fee / account holder

$1,418

$6,527-78.3%

$9,354-84.8%

$6,924-79.5%

FEDERATED RURAL ELECTRIC ASSOCIATION MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FEDERATED RURAL ELECTRIC ASSOCIATION MONEY PURCHASE PENSION 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