Retirement plan

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Name: NEW COOPERATIVE, INC. - THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES (2020) Form 5500
Creator: NEW COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES, NEW COOPERATIVE, INC.

NEW COOPERATIVE, INC.EIN 42-1009976Plan #030PY 2020

2626 1ST AVE S., PO BOX 818 - FORT DODGE, IA 505019940515-955-2040

Other plans on this EIN

1 filing

#020Retirement-$67.4M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 23, 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 (1)

NEW Cooperative, Inc. Nonqualified Deferred Compensation Plan1 emp

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Total assets (EOY)

$56.2M

-6.3% from 2016

Total participants

755

-7.0% from 2016

Average account balance

$84,188

+11.4% from 2016

Annual return

12.15%

+12.40 pp from 2016

Benchmarks

See 275 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort275 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$113.54M

Not enough data

1 years with asset history on file

Average account balance

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

$79K

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.

1,436

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.

80.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.83M

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

+11.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$91

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$32,351
FINANCIAL ENGINES1 year Filed as: EDELMAN FINANCIAL ENGINES Service code 26 · EIN 47-5324976	Advisory (Participants)	$18,845
ASSOCIATED BENEFITS CORPORATION3 years Service code 14 · EIN 42-1279416	Plan Administrator	$6,545
DST ASSET MANAGER SOLUTIONS, INC.3 years Service code 19 PO BOX 219502 · KANSAS CITY, MO 641219502	Securities Custodian	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS FINANCIAL SERVICES CO Service code 19 · EIN 04-2747644	Securities Custodian	$0
WELLINGTON TRUST COMPANY2 years Filed as: WELLINGTON TRUST CO., NA Service code 19 280 CONGRESS STREET · BOSTON, MA 02210	Securities Custodian	$0

Plan features & details

Pension benefit codes2F2G2J2K2E2S2T3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$58K

$96 / participant

Investment mgmt$19K32.2%
Contract admin$7K11.2%
Other / not subdivided$33K56.6%

% of EOY assets

0.104%

all-in expense ratio

Categories reported

2 / 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: DELOITTE & TOUCHE LLP
Auditor EIN: 133891517
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$84,188

$58,101+44.9%

$118,914-29.2%

$73,415+14.7%

Participation rate

85.6%

56.1%+29.4pp

75.4%+10.1pp

72.2%+13.4pp

Annual return

12.15%

20.56%-8.4pp

35.89%-23.7pp

59.30%-47.2pp

Employer contribution / active EE

$1,070

$1,445-25.9%

$3,264-67.2%

$2,234-52.1%

Participant deferral / active EE

$4,549

$2,400+89.6%

$4,266+6.6%

$3,806+19.5%

Admin fee / account holder

$88

$138-36.6%

$6,582-98.7%

$158-44.5%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$32,351

FINANCIAL ENGINES1 year

Filed as: EDELMAN FINANCIAL ENGINES

Service code 26 · EIN 47-5324976

Advisory (Participants)

$18,845

ASSOCIATED BENEFITS CORPORATION3 years

Service code 14 · EIN 42-1279416

Plan Administrator

$6,545

DST ASSET MANAGER SOLUTIONS, INC.3 years

Service code 19

PO BOX 219502 · KANSAS CITY, MO 641219502

Securities Custodian

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS FINANCIAL SERVICES CO

Service code 19 · EIN 04-2747644

Securities Custodian

WELLINGTON TRUST COMPANY2 years

Filed as: WELLINGTON TRUST CO., NA

Service code 19

280 CONGRESS STREET · BOSTON, MA 02210

Securities Custodian

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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