Retirement plan

IOWA SELECT FARMS, LLP 401(K) PROFIT SHARING PLAN

Name: IOWA SELECT FARMS, LLP - IOWA SELECT FARMS, LLP 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: IOWA SELECT FARMS, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IOWA SELECT FARMS, LLP 401(K) PROFIT SHARING PLAN, IOWA SELECT FARMS, LLP

IOWA SELECT FARMS, LLPEIN 42-1396583Plan #001PY 2016

811 SOUTH OAK STREET, P.O BOX 400 - IOWA FALLS, IA 50126641-648-4479iowaselect.comLinkedIn1001-5000 employeesfarming

Prospect flagsLow participation

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$18M

+14.7% from 2015

Total participants

606

-7.5% from 2015

Average account balance

$60,107

+11.6% from 2015

Annual return

8.05%

+9.23 pp from 2015

Benchmarks

See 233 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort233 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.78M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

359

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.

29.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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 2 by compensation

Provider	Service type	Compensation
BOKF, NA2+ years Filed as: BOKF, N.A. Service code 19 · EIN 73-0780382	Securities Custodian	$32,037
LOCKTON INVESTMENT ADVISORS, LLC2+ years Filed as: LOCTON COMPANIES, LLC Service code 33 444 W. 47TH STREET · KANSAS CITY, MO 64112	Distribution (12b-1) fees; Securities...	$30,989

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$62K

$112 / participant

Contract admin$62K100.0%

% of EOY assets

0.344%

all-in expense ratio

Categories reported

1 / 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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,107

$46,761+28.5%

$106,619-43.6%

$57,658+4.2%

Participation rate

44.6%

56.9%-12.3pp

78.0%-33.4pp

70.2%-25.7pp

Annual return

8.05%

15.77%-7.7pp

9.42%-1.4pp

5.13%+2.9pp

Employer contribution / active EE

$897

$1,274-29.6%

$3,947-77.3%

$1,974-54.6%

Participant deferral / active EE

$1,708

$1,954-12.6%

$3,930-56.5%

$3,061-44.2%

Admin fee / account holder

$207

$97+113.5%

$6,418-96.8%

$95+118.5%

Provider

Service type

Compensation

BOKF, NA2+ years

Filed as: BOKF, N.A.

Service code 19 · EIN 73-0780382

Securities Custodian

$32,037

LOCKTON INVESTMENT ADVISORS, LLC2+ years

Filed as: LOCTON COMPANIES, LLC

Service code 33

444 W. 47TH STREET · KANSAS CITY, MO 64112

Distribution (12b-1) fees; Securities...

$30,989

IOWA SELECT FARMS, LLP 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IOWA SELECT FARMS, LLP 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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