Retirement plan

PELLA COOPERATIVE ELECTRIC ASSOCIATION 401(K) RETIREMENT PLAN

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

PELLA COOPERATIVE ELECTRIC ASSOCIATIONEIN 42-0461075Plan #002PY 2024

2615 WASHINGTON STREET - PELLA, IA 50219641-628-1040LinkedIn11-50 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+22.3% from 2023

Total participants

0.0% from 2023

Average account balance

$85,283

+22.3% from 2023

Annual return

13.78%

+2.03 pp from 2023

Benchmarks

See 1,939 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,939 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$468

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 codes2F2G2J2T3D

Plan features

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.
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

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

$7K

$437 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.549%

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

$85,283

$97,078-12.2%

$103,065-17.3%

$145,897-41.5%

Participation rate

80.0%

81.1%-1.1pp

80.6%-0.6pp

80.3%-0.3pp

Annual return

13.78%

25.49%-11.7pp

23.95%-10.2pp

552.29%-538.5pp

Employer contribution / active EE

$4,680-100.0%

$4,675-100.0%

$4,663-100.0%

Participant deferral / active EE

$5,545

$6,601-16.0%

$6,625-16.3%

$6,689-17.1%

Admin fee / account holder

$468

$12,505-96.3%

$9,349-95.0%

$13,390-96.5%

PELLA COOPERATIVE ELECTRIC ASSOCIATION 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PELLA COOPERATIVE ELECTRIC ASSOCIATION 401(K) RETIREMENT 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