Retirement plan

COBORN'S INCORPORATED EMPLOYEES PROFIT SHARING 401(K) PLAN

Name: COBORN'S INCORPORATED - COBORN'S INCORPORATED EMPLOYEES PROFIT SHARING 401(K) PLAN (2015) Form 5500
Creator: COBORN'S INCORPORATED
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COBORN'S INCORPORATED EMPLOYEES PROFIT SHARING 401(K) PLAN, COBORN'S INCORPORATED

COBORN'S INCORPORATEDEIN 41-0824910Plan #001PY 2015

1921 COBORN BLVD. - ST. CLOUD, MN 56301320-203-6254cobornsinc.comLinkedIn5001-10000 employeessupermarkets

Other plans on this EIN

1 filing

#002Retirement-$56.3M assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed January 27, 2025 (most recent of 4 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1921 Coborn Blvd

St. Cloud, MN 56301

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Plans declared (1)

Coborn's Supplemental Executive Incentive Plan15 emp

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Total assets (EOY)

$95.3M

No prior year

Total participants

5,619

No prior year

Average account balance

$17,655

No prior year

Annual return

0.51%

No prior year

Benchmarks

See 302 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort302 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$162.09M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

7,829

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.

92.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$65

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 1 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Service code 15 · EIN 94-1347393	Recordkeeping	$258,196

Plan features & details

Pension benefit codes2E2F2G2J2T2S3D

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.
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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$258K

$54 / participant

Other / not subdivided$258K100.0%

% of EOY assets

0.271%

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: BOYUM & BARENSCHEER PLLP
Auditor EIN: 416192096
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,655

$31,810-44.5%

$64,105-72.5%

$59,188-70.2%

Participation rate

95.4%

57.7%+37.7pp

68.2%+27.2pp

69.4%+26.0pp

Annual return

0.51%

9.41%-8.9pp

791.24%-790.7pp

5.51%-5.0pp

Employer contribution / active EE

$659-100.0%

$1,820-100.0%

$2,098-100.0%

Participant deferral / active EE

$1,305

$1,582-17.5%

$2,822-53.8%

$3,265-60.0%

Admin fee / account holder

$48

$57-15.9%

$4,499-98.9%

$92-48.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$258,196

COBORN'S INCORPORATED EMPLOYEES PROFIT SHARING 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COBORN'S INCORPORATED EMPLOYEES PROFIT SHARING 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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