Retirement plan

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Name: BATTLE CREEK FARMERS COOPERATIVE - THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES (2021) Form 5500
Creator: BATTLE CREEK FARMERS COOPERATIVE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES, BATTLE CREEK FARMERS COOPERATIVE

BATTLE CREEK FARMERS COOPERATIVEEIN 47-0100590Plan #030PY 2021

PO BOX 10 - BATTLE CREEK, NE 68715402-675-2375LinkedIn51-200 employees

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed September 4, 2020

Plan administrator

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1415 28th Street, Suite 100

West Des Moines, IA 50266

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Plans declared (1)

Battle Creek Farmers Coop Non-Stock DBA Farmers Pride Nonqualified Defined Benefit Plan1 emp

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Total assets (EOY)

$4.8M

+16.9% from 2020

Total participants

0.0% from 2020

Average account balance

$85,913

+10.6% from 2020

Annual return

14.20%

-0.75 pp from 2020

Benchmarks

See 2,182 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,182 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.35M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$188K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$708

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

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 codes2F2G2J2E2T

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.

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

$100K

$1965 / participant

Other / not subdivided$100K100.0%

% of EOY assets

2.083%

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

$85,913

$70,587+21.7%

$124,694-31.1%

$85,851+0.1%

Participation rate

78.4%

64.4%+14.0pp

74.6%+3.8pp

69.3%+9.1pp

Annual return

14.20%

20688.83%-20674.6pp

5144.82%-5130.6pp

318.63%-304.4pp

Employer contribution / active EE

$1,913-100.0%

$3,325-100.0%

$2,565-100.0%

Participant deferral / active EE

$4,009

$2,969+35.0%

$4,615-13.1%

$3,952+1.4%

Admin fee / account holder

$1,790

$5,282-66.1%

$7,495-76.1%

$6,261-71.4%

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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