Retirement plan

CO-OP 401(K) PLAN

Name: FARMERS UNION OIL COMPANY - CO-OP 401(K) PLAN (2016) Form 5500
Creator: FARMERS UNION OIL COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CO-OP 401(K) PLAN, FARMERS UNION OIL COMPANY

FARMERS UNION OIL COMPANYEIN 45-0213098Plan #001PY 2016

P. O. BOX 459 - STANLEY, ND 58784701-628-2322enerbase.coopLinkedIn51-200 employees

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed February 17, 2014

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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How to read this page

Total assets (EOY)

$1.9M

No prior year

Total participants

124

No prior year

Average account balance

$33,649

No prior year

Annual return

2.68%

No prior year

Benchmarks

See 1,668 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort1,668 peers

Snapshot2016

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$4.54M

Not enough data

1 years with asset history on file

Average account balance

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

$62K

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.

75.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$385K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12881

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.1+ years Filed as: MILLIMAN, INC Service code 15 · EIN 91-0675641	Recordkeeping	$10,889
BRADY MARTZ & ASSOCIATES1+ years Filed as: BRADY, MARTZ & ASSOCIATES, P.C. Service code 10 · EIN 45-0310328	Accounting	$10,500

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes3D2E2F2G2K2J2T

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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$24K

$250 / participant

Other / not subdivided$24K100.0%

% of EOY assets

1.310%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BRADY, MARTZ & ASSOCIATES, P. C.
Auditor EIN: 450310328
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,649

$51,708-34.9%

$106,619-68.4%

$62,891-46.5%

Participation rate

28.9%

66.9%-38.0pp

78.0%-49.1pp

69.3%-40.4pp

Annual return

2.68%

4.69%-2.0pp

9.42%-6.7pp

20.14%-17.5pp

Employer contribution / active EE

$946

$1,764-46.4%

$3,947-76.0%

$2,281-58.5%

Participant deferral / active EE

$1,546

$2,315-33.2%

$3,930-60.7%

$3,203-51.7%

Admin fee / account holder

$441

$3,349-86.8%

$6,418-93.1%

$4,296-89.7%

Provider

Service type

Compensation

MILLIMAN, INC.1+ years

Filed as: MILLIMAN, INC

Service code 15 · EIN 91-0675641

Recordkeeping

$10,889

BRADY MARTZ & ASSOCIATES1+ years

Filed as: BRADY, MARTZ & ASSOCIATES, P.C.

Service code 10 · EIN 45-0310328

Accounting

$10,500

CO-OP 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CO-OP 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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