Retirement plan

PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN

Name: PIONEER TELEPHONE COOPERATIVE, INC. - PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN (2018) 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 2018

P.O. BOX 539 - KINGFISHER, OK 73750405-375-0158LinkedIn11-50 employeestelecommunications

Other plans on this EIN

1 filing

#004Retirement-$1.8M assets

Prospect flagsHigh feesLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$116.3M

-3.5% from 2017

Total participants

644

-0.3% from 2017

Average account balance

$191,006

-8.2% from 2017

Annual return

-3.97%

-16.75 pp from 2017

Benchmarks

See 500 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort500 peers

Snapshot2018

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
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$78,099
BANCFIRST4+ years Service code 25 101 N. BROADWAY · OKLAHOMA CITY, OK 73102	Directed Trustee	$78,005
MCAFEE & TAFT4+ years Service code 29 211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102	Legal	$30,000
BURNS WEALTH MANAGEMENT DBA EXENCIA4+ years Service code 27 9108 N KELLEY AVE · OKLAHOMA CITY, OK 73131	Advisory (Plan)	$25,000
ARLEDGE & ASSOCIATES, P.C.4+ years Service code 10 309 N. BRYANT AVE · EDMOND, OK 73034	Accounting	$20,550

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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$232K

$404 / participant

Contract admin$232K100.0%

% of EOY assets

0.199%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ARLEDGE & ASSOCIATES, P.C.
Auditor EIN: 731185089
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$191,006

$62,543+205.4%

$83,327+129.2%

$55,725+242.8%

Participation rate

93.9%

78.4%+15.5pp

77.8%+16.1pp

70.9%+23.0pp

Annual return

-3.97%

14.85%-18.8pp

10.64%-14.6pp

244.93%-248.9pp

Employer contribution / active EE

$8,383

$2,427+245.4%

$3,379+148.1%

$2,078+303.4%

Participant deferral / active EE

$1,898

$5,682-66.6%

$5,565-65.9%

$3,356-43.5%

Admin fee / account holder

$380

$103+268.9%

$7,540-95.0%

$115+230.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$78,099

BANCFIRST4+ years

Service code 25

101 N. BROADWAY · OKLAHOMA CITY, OK 73102

Directed Trustee

$78,005

MCAFEE & TAFT4+ years

Service code 29

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

Legal

$30,000

BURNS WEALTH MANAGEMENT DBA EXENCIA4+ years

Service code 27

9108 N KELLEY AVE · OKLAHOMA CITY, OK 73131

Advisory (Plan)

$25,000

ARLEDGE & ASSOCIATES, P.C.4+ years

Service code 10

309 N. BRYANT AVE · EDMOND, OK 73034

Accounting

$20,550

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