Retirement plan

STINE SEED COMPANIES MULTIPLE EMPLOYER 401(K) PLAN

Name: STINE SEED FARM, INC. - STINE SEED COMPANIES MULTIPLE EMPLOYER 401(K) PLAN (2024) Form 5500
Creator: STINE SEED FARM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, STINE SEED COMPANIES MULTIPLE EMPLOYER 401(K) PLAN, STINE SEED FARM, INC.

STINE SEED FARM, INC.EIN 42-0951585Plan #001PY 2024

22555 LAREDO TRAIL - ADEL, IA 50003515-677-4030stineseed.comLinkedIn501-1000 employeesfarming

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$26.2M

+16.8% from 2023

Total participants

502

+8.2% from 2023

Average account balance

$75,698

+9.7% from 2023

Annual return

13.52%

-18.41 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

$26.19M

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

346

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.

63.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.63M

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

+13.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$298

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY10+ years Service code 13 · EIN 42-0127290	Contract Administrator	$88,051
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT Service code 27 · EIN 39-2018056	Advisory (Plan)	$47,314
NEWPORT GROUP, INC.5 years Filed as: NEWPORT GROUP INC. Service code 13 · EIN 27-2037969	Contract Administrator	$14,825
NEWPORT GROUP, INC.5 years Filed as: NEWPORT GROUP INC Service code 13	Contract Administrator	$10,089

Plan features & details

Pension benefit codes2E2G2J2K2F3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$103K

$243 / participant

Contract admin$103K100.0%

% of EOY assets

0.393%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HOUSTON & SEEMAN PC
Auditor EIN: 421169936
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$75,698

$73,149+3.5%

$120,574-37.2%

$77,736-2.6%

Participation rate

63.2%

55.2%+8.0pp

71.9%-8.7pp

70.6%-7.4pp

Annual return

13.52%

18.24%-4.7pp

107.42%-93.9pp

31.26%-17.7pp

Employer contribution / active EE

$1,693

$1,793-5.6%

$3,471-51.2%

$2,728-37.9%

Participant deferral / active EE

$4,500

$3,006+49.7%

$4,996-9.9%

$4,651-3.2%

Admin fee / account holder

$298

$660-54.9%

$9,445-96.8%

$433-31.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY10+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$88,051

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT

Service code 27 · EIN 39-2018056

Advisory (Plan)

$47,314

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT GROUP INC.

Service code 13 · EIN 27-2037969

Contract Administrator

$14,825

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT GROUP INC

Service code 13

Contract Administrator

$10,089

STINE SEED COMPANIES MULTIPLE EMPLOYER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

STINE SEED COMPANIES MULTIPLE EMPLOYER 401(K) 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