Retirement plan

FARMERS CO-OP ASSOCIATION SAVINGS PLAN

Name: FARMERS CO-OP ASSOCIATION - FARMERS CO-OP ASSOCIATION SAVINGS PLAN (2020) Form 5500
Creator: FARMERS CO-OP ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FARMERS CO-OP ASSOCIATION SAVINGS PLAN, FARMERS CO-OP ASSOCIATION

FARMERS CO-OP ASSOCIATIONEIN 42-0248005Plan #002PY 2020

110 S KEOKUK WASHINGTON RD - KEOTA, IA 522489311515-636-3748

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$4.6M

+7.9% from 2019

Total participants

149

-5.1% from 2019

Average account balance

$40,239

-2.5% from 2019

Annual return

11.41%

-9.31 pp from 2019

Benchmarks

See 495 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort495 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.32M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

107

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.

61.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$364K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$218

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 2 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$33,214
CAPFINANCIAL PARTNERS LLC6+ years Service code 27 · EIN 26-0058143	Advisory (Plan)	$18,038

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$33K

$262 / participant

Contract admin$33K100.0%

% of EOY assets

0.724%

all-in expense ratio

Categories reported

1 / 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: MARSHALL VANDER LINDEN CPA, PLC
Auditor EIN: 201260566
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,239

$59,328-32.2%

$118,946-66.2%

$73,493-45.2%

Participation rate

72.4%

62.3%+10.1pp

75.4%-2.9pp

70.7%+1.8pp

Annual return

11.41%

19.13%-7.7pp

35.89%-24.5pp

28.51%-17.1pp

Employer contribution / active EE

$1,803-100.0%

$3,263-100.0%

$2,270-100.0%

Participant deferral / active EE

$1,984

$2,604-23.8%

$4,266-53.5%

$3,740-46.9%

Admin fee / account holder

$291

$600-51.5%

$6,581-95.6%

$513-43.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$33,214

CAPFINANCIAL PARTNERS LLC6+ years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$18,038

FARMERS CO-OP ASSOCIATION SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FARMERS CO-OP ASSOCIATION SAVINGS 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