Retirement plan

UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PROFIT SHARING PLAN

Name: NEW CENTURY AG - UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: NEW CENTURY AG
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PROFIT SHARING PLAN, NEW CENTURY AG

NEW CENTURY AGEIN 45-0130780Plan #002PY 2020

10885 ND 5 NW - NOONAN, ND 58765701-834-2311

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.5M

-11.4% from 2019

Total participants

-3.0% from 2019

Average account balance

$135,007

-7.2% from 2019

Annual return

12.43%

-9.83 pp from 2019

Benchmarks

See 1,943 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,943 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.79M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

137.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$681K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+17.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7335

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 codes2E2F2G2T3D

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.
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

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

$2.8M

$55082 / participant

Other / not subdivided$3M100.0%

% of EOY assets

32.380%

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

$135,007

$64,324+109.9%

$118,914+13.5%

$79,856+69.1%

Participation rate

96.0%

64.9%+31.1pp

75.4%+20.6pp

69.6%+26.4pp

Annual return

12.43%

86.45%-74.0pp

35.89%-23.5pp

31.71%-19.3pp

Employer contribution / active EE

$2,931

$1,836+59.6%

$3,264-10.2%

$2,471+18.6%

Participant deferral / active EE

$5,475

$2,824+93.9%

$4,266+28.4%

$3,741+46.4%

Admin fee / account holder

$43,716

$4,040+982.1%

$6,582+564.1%

$5,306+723.8%

UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PROFIT SHARING 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