Retirement plan

PELLA COOPERATIVE ELECTRIC ASSOCIATION 401K RETIREMENT PLAN

Name: PELLA COOPERATIVE ELECTRIC ASSOCIATION - PELLA COOPERATIVE ELECTRIC ASSOCIATION 401K RETIREMENT PLAN (2020) Form 5500
Creator: PELLA COOPERATIVE ELECTRIC ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PELLA COOPERATIVE ELECTRIC ASSOCIATION 401K RETIREMENT PLAN, PELLA COOPERATIVE ELECTRIC ASSOCIATION

PELLA COOPERATIVE ELECTRIC ASSOCIATIONEIN 42-0461075Plan #002PY 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+17.0% from 2019

Total participants

0.0% from 2019

Average account balance

$104,970

+26.0% from 2019

Annual return

12.36%

-6.53 pp from 2019

Benchmarks

See 1,417 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants<25

Cohort1,417 peers

Snapshot2020

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 codes2F2G2J3D

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.
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

$13K

$918 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.942%

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

$104,970

$111,301-5.7%

$112,977-7.1%

$158,982-34.0%

Participation rate

92.9%

83.5%+9.4pp

82.6%+10.3pp

82.0%+10.9pp

Annual return

12.36%

26.40%-14.0pp

24.24%-11.9pp

302.99%-290.6pp

Employer contribution / active EE

$4,471-100.0%

$4,255-100.0%

$4,763-100.0%

Participant deferral / active EE

$4,321

$5,880-26.5%

$5,836-26.0%

$5,983-27.8%

Admin fee / account holder

$989

$8,392-88.2%

$6,294-84.3%

$11,252-91.2%

PELLA COOPERATIVE ELECTRIC ASSOCIATION 401K RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PELLA COOPERATIVE ELECTRIC ASSOCIATION 401K 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