Retirement plan

ST. MARY SUGAR COOPERATIVE, INC. PROFIT SHARING PLAN

Name: ST. MARY SUGAR COOPERATIVE, INC. - ST. MARY SUGAR COOPERATIVE, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: ST. MARY SUGAR COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ST. MARY SUGAR COOPERATIVE, INC. PROFIT SHARING PLAN, ST. MARY SUGAR COOPERATIVE, INC.

ST. MARY SUGAR COOPERATIVE, INC.EIN 72-0381493Plan #001PY 2024

P.O. BOX 269, 20056 LA. HIGHWAY 182 - JEANERETTE, LA 70544337-579-6205LinkedIn1-10 employeesfarming

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$7.2M

+0.7% from 2023

Total participants

157

+35.3% from 2023

Average account balance

$107,750

+0.7% from 2023

Annual return

16.39%

-0.57 pp from 2023

Benchmarks

See 575 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants100-249

Cohort575 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.22M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

45.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$596K

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

+16.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26044

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 codes2E2F2G2J2T3D

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

3 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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$11870 / participant

Other / not subdivided$2M100.0%

% of EOY assets

24.171%

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

$107,750

$62,393+72.7%

$120,580-10.6%

$74,478+44.7%

Participation rate

38.8%

56.8%-18.0pp

72.0%-33.2pp

67.2%-28.4pp

Annual return

16.39%

18.61%-2.2pp

107.48%-91.1pp

1370.56%-1354.2pp

Employer contribution / active EE

$1,291

$1,845-30.0%

$3,469-62.8%

$2,626-50.9%

Participant deferral / active EE

$2,761

$2,886-4.3%

$4,995-44.7%

$4,350-36.5%

Admin fee / account holder

$26,044

$2,396+986.9%

$9,418+176.5%

$1,946+1238.5%

ST. MARY SUGAR COOPERATIVE, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ST. MARY SUGAR COOPERATIVE, INC. 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