Retirement plan

THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES

Name: BATTLE CREEK FARMERS COOPERATIVE - THE RESTATED THRIFT/PROFIT SHARING PLAN FOR COOPERATIVES (2024) 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 2024

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)

$3.6M

-7.3% from 2023

Total participants

-12.3% from 2023

Average account balance

$74,243

+0.2% from 2023

Annual return

11.62%

-5.20 pp from 2023

Benchmarks

See 2,338 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants25-99

Cohort2,338 peers

Snapshot2024

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

$910K

$22188 / participant

Other / not subdivided$910K100.0%

% of EOY assets

25.006%

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

$74,243

$68,878+7.8%

$120,574-38.4%

$80,935-8.3%

Participation rate

80.5%

61.7%+18.8pp

71.9%+8.5pp

67.7%+12.8pp

Annual return

11.62%

23.67%-12.0pp

107.42%-95.8pp

35.66%-24.0pp

Employer contribution / active EE

$2,065-100.0%

$3,471-100.0%

$2,757-100.0%

Participant deferral / active EE

$3,902

$3,189+22.4%

$4,996-21.9%

$4,299-9.2%

Admin fee / account holder

$18,565

$5,782+221.1%

$9,445+96.6%

$6,924+168.1%

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