Retirement plan

PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN

Name: PIONEER TELEPHONE COOPERATIVE, INC. - PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN (2024) Form 5500
Creator: PIONEER TELEPHONE COOPERATIVE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN, PIONEER TELEPHONE COOPERATIVE, INC.

PIONEER TELEPHONE COOPERATIVE, INC.EIN 73-0618715Plan #006PY 2024

108 EAST ROBBERTS AVENUE - KINGFISHER, OK 73750405-375-0283LinkedIn11-50 employeestelecommunications

Other plans on this EIN

1 filing

#004Retirement-$601K assets

Prospect flagsLow returnsHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$169.7M

+10.0% from 2023

Total participants

558

-14.9% from 2023

Average account balance

$304,091

+29.4% from 2023

Annual return

12.25%

-2.68 pp from 2023

Benchmarks

See 611 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort611 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$169.68M

Not enough data

1 years with asset history on file

Average account balance

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

$304K

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.

558

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
BANCFIRST10+ years Service code 25 PO BOX 1468 · DUNCAN, OK 73534	Directed Trustee	$75,000
MCAFEE & TAFT10+ years Service code 29 211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102	Legal	$30,000
BURNS WEALTH MANAGEMENT DBA EXENCIA10+ years Service code 27 9108 N KELLEY AVE · OKLAHOMA CITY, OK 73131	Advisory (Plan)	$25,000
ARLEDGE & ASSOCIATES, P.C.10+ years Service code 10 PO BOX 14890 · OKLAHOMA CITY, OK 73113	Accounting	$13,200
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2H2J2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$143K

$321 / participant

Trustee / custodial$75K52.4%
Investment mgmt$25K17.5%
Legal$30K20.9%
Other / not subdivided$13K9.2%

% of EOY assets

0.084%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ARLEDGE & ASSOCIATES, P.C.
Auditor EIN: 731185089
Audit fees: $13,200
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$304,091

$90,064+237.6%

$100,415+202.8%

$77,762+291.1%

Participation rate

100.0%

81.3%+18.7pp

81.5%+18.5pp

70.6%+29.4pp

Annual return

12.25%

20.61%-8.4pp

49.47%-37.2pp

31.27%-19.0pp

Employer contribution / active EE

$10,052

$3,043+230.3%

$3,943+154.9%

$2,728+268.5%

Participant deferral / active EE

$3,411

$8,282-58.8%

$8,091-57.8%

$4,651-26.7%

Admin fee / account holder

$257

$172+49.2%

$7,906-96.8%

$433-40.7%

Provider

Service type

Compensation

BANCFIRST10+ years

Service code 25

PO BOX 1468 · DUNCAN, OK 73534

Directed Trustee

$75,000

MCAFEE & TAFT10+ years

Service code 29

211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102

Legal

$30,000

BURNS WEALTH MANAGEMENT DBA EXENCIA10+ years

Service code 27

9108 N KELLEY AVE · OKLAHOMA CITY, OK 73131

Advisory (Plan)

$25,000

ARLEDGE & ASSOCIATES, P.C.10+ years

Service code 10

PO BOX 14890 · OKLAHOMA CITY, OK 73113

Accounting

$13,200

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIONEER TELEPHONE COOPERATIVE, INC. 401(K) 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