Retirement plan

LAKE NORDEN FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN

Name: LAKE NORDEN FARMERS ELEVATOR CO - LAKE NORDEN FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN (2019) Form 5500
Creator: LAKE NORDEN FARMERS ELEVATOR CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKE NORDEN FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN, LAKE NORDEN FARMERS ELEVATOR CO

LAKE NORDEN FARMERS ELEVATOR COEIN 46-0133070Plan #002PY 2019

609 HARVEST STREET - LAKE NORDEN, SD 57248605-785-3686LinkedIn1-10 employeescomputer software

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$633K

+13.6% from 2018

Total participants

0.0% from 2018

Average account balance

$126,549

+36.3% from 2018

Annual return

16.53%

+23.97 pp from 2018

Benchmarks

See 22,309 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,309 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$790K

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

108.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$131K

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

+13.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1083

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 codes2E2J2F2G3D2T

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.
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

$59K

$9757 / participant

Other / not subdivided$59K100.0%

% of EOY assets

9.252%

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

$126,549

$152,592-17.1%

$125,180+1.1%

$152,885-17.2%

Participation rate

83.3%

83.3%0pp

79.8%+3.6pp

82.5%+0.9pp

Annual return

16.53%

54.84%-38.3pp

43.79%-27.3pp

345.39%-328.9pp

Employer contribution / active EE

$2,617

$4,947-47.1%

$3,866-32.3%

$4,763-45.0%

Participant deferral / active EE

$4,276

$5,868-27.1%

$4,937-13.4%

$5,851-26.9%

Admin fee / account holder

$11,708

$13,435-12.9%

$9,703+20.7%

$11,598+1.0%

LAKE NORDEN FARMERS ELEVATOR EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKE NORDEN FARMERS ELEVATOR EMPLOYEES RETIREMENT 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