Retirement plan

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

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

STATELINE COOPERATIVEEIN 42-1023410Plan #030PY 2020

PO BOX 67 - BURT, IA 50522515-924-3555statelinecoop.comLinkedIn51-200 employeesfarming

Other plans on this EIN

1 filing

#020Retirement-$17.6M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$17.4M

+5.0% from 2019

Total participants

191

+1.1% from 2019

Average account balance

$97,781

+6.2% from 2019

Annual return

8.40%

-11.05 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

$20.38M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

192

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.

93.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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 5 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.6+ years Service code 15 · EIN 94-1347393	Recordkeeping	$8,669
ASSOCIATED BENEFITS CORPORATION6+ years Service code 14 · EIN 42-1279416	Plan Administrator	$6,379
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 codes2F2G2J2K2E2S2T

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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$129 / participant

Investment mgmt$3K18.5%
Contract admin$6K34.6%
Other / not subdivided$9K47.0%

% of EOY assets

0.106%

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: MERIWETHER, WILSON AND CO., PLLC
Auditor EIN: 420731256
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$97,781

$59,328+64.8%

$118,946-17.8%

$73,493+33.0%

Participation rate

90.9%

62.3%+28.6pp

75.4%+15.5pp

70.7%+20.2pp

Annual return

8.40%

19.13%-10.7pp

35.89%-27.5pp

28.51%-20.1pp

Employer contribution / active EE

$1,162

$1,803-35.6%

$3,263-64.4%

$2,270-48.8%

Participant deferral / active EE

$5,387

$2,604+106.9%

$4,266+26.3%

$3,740+44.0%

Admin fee / account holder

$104

$600-82.7%

$6,581-98.4%

$513-79.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.6+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$8,669

ASSOCIATED BENEFITS CORPORATION6+ years

Service code 14 · EIN 42-1279416

Plan Administrator

$6,379

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

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