Retirement plan

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Name: KEY COOPERATIVE - THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES (2015) Form 5500
Creator: KEY COOPERATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES, KEY COOPERATIVE

KEY COOPERATIVEEIN 42-0242395Plan #030PY 2015

13585 620TH AVE - ROLAND, IA 502368061515-388-4341keycoop.comLinkedIn201-500 employeesfarming

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed April 11, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$22M

No prior year

Total participants

280

No prior year

Average account balance

$80,399

No prior year

Annual return

0.57%

No prior year

Benchmarks

See 343 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort343 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.46M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

244

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.

68.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.18M

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

+11.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO BANK, N. A. Service code 15 · EIN 94-1347393	Recordkeeping	$15,358
ATLANTA CAPITAL MANAGEMENT1+ years Filed as: ATLANTA CAPITAL MANAGEMENT CO. LLC Service code 28 1705 PEACHTREE ST. NE · ATLANTA, GA 30309	Investment Management	$0
GOLDMAN SACHS1+ years Filed as: GOLDMAN SACHS ASSET MANAGEMENT, LP Service code 28 200 WEST STREET · NEW YORK, NY 10282	Investment Management	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS FINANCIAL SERVICES CO Service code 28 · EIN 04-2747644	Investment Management	$0
PRINCIPAL LIFE INSURANCE COMPANY1+ years Filed as: PRINCIPAL MANAGEMENT CORPORATION Service code 28 655 9TH STREET · DES MOINES, IA 503922080	Investment Management	$0
VICTORY1+ years Filed as: VICTORY CAPITAL MANAGEMENT Service code 28 127 PUBLIC SQUARE · CLEVELAND, OH 441141306	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T2S

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$18K

$80 / participant

Investment mgmt$15K86.3%
Contract admin$2K13.7%

% of EOY assets

0.081%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,399

$47,969+67.6%

$85,969-6.5%

$52,331+53.6%

Participation rate

97.3%

61.7%+35.6pp

76.5%+20.8pp

68.1%+29.2pp

Annual return

0.57%

-0.13%+0.7pp

9.32%-8.8pp

4.54%-4.0pp

Employer contribution / active EE

$1,469

$1,460+0.6%

$3,474-57.7%

$1,882-21.9%

Participant deferral / active EE

$4,492

$2,110+112.9%

$3,829+17.3%

$3,022+48.6%

Admin fee / account holder

$65

$530-87.7%

$6,053-98.9%

$592-89.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO BANK, N. A.

Service code 15 · EIN 94-1347393

Recordkeeping

$15,358

ATLANTA CAPITAL MANAGEMENT1+ years

Filed as: ATLANTA CAPITAL MANAGEMENT CO. LLC

Service code 28

1705 PEACHTREE ST. NE · ATLANTA, GA 30309

Investment Management

GOLDMAN SACHS1+ years

Filed as: GOLDMAN SACHS ASSET MANAGEMENT, LP

Service code 28

200 WEST STREET · NEW YORK, NY 10282

Investment Management

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS FINANCIAL SERVICES CO

Service code 28 · EIN 04-2747644

Investment Management

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Filed as: PRINCIPAL MANAGEMENT CORPORATION

Service code 28

655 9TH STREET · DES MOINES, IA 503922080

Investment Management

VICTORY1+ years

Filed as: VICTORY CAPITAL MANAGEMENT

Service code 28

127 PUBLIC SQUARE · CLEVELAND, OH 441141306

Investment Management

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Top hat statement on fileNQDC

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