Retirement plan

LANDUS 401(K) PLAN

Name: LANDUS COOPERATIVE - LANDUS 401(K) PLAN (2024) Form 5500
Creator: LANDUS COOPERATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LANDUS 401(K) PLAN, LANDUS COOPERATIVE

LANDUS COOPERATIVEEIN 42-0243650Plan #030PY 2024

220 SW 9TH ST STE 300 - DES MOINES, IA 503094320515-817-2100

Other plans on this EIN

1 filing

#020Retirement-$96.3M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed April 19, 2022 (most recent of 3 filings on file)

Plan administrator

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1415 28th Street, Suite 100

West Des Moines, IA 50266

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Plans declared (4)

Landus Cooperative Nonqualified Deferred Compensation Plan for Matt Hackfort1 emp
Landus Cooperative Nonqualified Deferred Compensation Plan for Janette Smith1 emp
Landus Cooperative Nonqualified Deferred Compensation Plan for Jon Setterdahl1 emp
Landus Cooperative Nonqualified Deferred Compensation Plan for Dustin Weiner1 emp

Total covered: 4 employees

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Total assets (EOY)

$80.4M

+9.1% from 2023

Total participants

987

-20.2% from 2023

Average account balance

$98,435

+23.3% from 2023

Annual return

15.68%

-1.40 pp from 2023

Benchmarks

See 270 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort270 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$80.42M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

817

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.

73.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$258

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 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES INC Service code 27 · EIN 42-0941553	Advisory (Plan)	$187,125
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$35,681
FINANCIAL ENGINES4 years Filed as: EDELMAN FINANCIAL ENGINES, LLC Service code 26 · EIN 94-3250323	Advisory (Participants)	$6,212
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$211K

$326 / participant

Investment mgmt$176K83.7%
Contract admin$34K16.3%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORGE FINANCIAL & MGMT. CONSULTING
Auditor EIN: 882802798
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,435

$73,149+34.6%

$120,580-18.4%

$77,762+26.6%

Participation rate

73.7%

55.2%+18.6pp

72.0%+1.8pp

70.6%+3.1pp

Annual return

15.68%

18.24%-2.6pp

107.48%-91.8pp

31.27%-15.6pp

Employer contribution / active EE

$3,704

$1,793+106.6%

$3,469+6.8%

$2,728+35.8%

Participant deferral / active EE

$6,115

$3,006+103.4%

$4,995+22.4%

$4,651+31.5%

Admin fee / account holder

$258

$660-60.9%

$9,418-97.3%

$433-40.4%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES INC

Service code 27 · EIN 42-0941553

Advisory (Plan)

$187,125

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$35,681

FINANCIAL ENGINES4 years

Filed as: EDELMAN FINANCIAL ENGINES, LLC

Service code 26 · EIN 94-3250323

Advisory (Participants)

$6,212

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

LANDUS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LANDUS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

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