Retirement plan

PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN

Name: PIONEER TELEPHONE COOPERATIVE, INC. - PIONEER TELEPHONE COOPERATIVE, INC. 401(K) PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#004Retirement-$853K assets

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$138.8M

-14.1% from 2021

Total participants

651

-0.5% from 2021

Average account balance

$214,913

-20.1% from 2021

Annual return

-13.39%

-26.01 pp from 2021

Benchmarks

See 605 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort605 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
BANCFIRST8+ years Service code 25 PO BOX 1468 · DUNCAN, OK 73534	Directed Trustee	$75,000
MCAFEE & TAFT8+ years Service code 29 211 N ROBINSON 10TH FL · OKLAHOMA CITY, OK 73102	Legal	$30,000
BURNS WEALTH MANAGEMENT DBA EXENCIA8+ years Service code 27 9108 N KELLEY AVE · OKLAHOMA CITY, OK 73131	Advisory (Plan)	$25,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year 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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$130K

$243 / participant

Contract admin$130K100.0%

% of EOY assets

0.094%

all-in expense ratio

Categories reported

1 / 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: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$214,913

$64,612+232.6%

$86,438+148.6%

$64,819+231.6%

Participation rate

99.1%

81.5%+17.6pp

80.3%+18.7pp

71.5%+27.6pp

Annual return

-13.39%

0.66%-14.0pp

4397.19%-4410.6pp

32.84%-46.2pp

Employer contribution / active EE

$9,077

$2,744+230.8%

$3,769+140.8%

$2,507+262.1%

Participant deferral / active EE

$2,443

$7,497-67.4%

$6,952-64.9%

$4,311-43.3%

Admin fee / account holder

$201

$169+19.0%

$6,733-97.0%

$188+7.1%

Provider

Service type

Compensation

BANCFIRST8+ years

Service code 25

PO BOX 1468 · DUNCAN, OK 73534

Directed Trustee

$75,000

MCAFEE & TAFT8+ years

Service code 29

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

Legal

$30,000

BURNS WEALTH MANAGEMENT DBA EXENCIA8+ years

Service code 27

9108 N KELLEY AVE · OKLAHOMA CITY, OK 73131

Advisory (Plan)

$25,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

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