Retirement plan

CO-OP 401(K) PLAN

Name: COMMUNITY FOOD CO-OP, INC. - CO-OP 401(K) PLAN (2020) Form 5500
Creator: COMMUNITY FOOD CO-OP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CO-OP 401(K) PLAN, COMMUNITY FOOD CO-OP, INC.

COMMUNITY FOOD CO-OP, INC.EIN 81-0387034Plan #002PY 2020

1165 N 14TH ST - BOZEMAN, MT 59715406-587-1919LinkedIn51-200 employees

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$2.3M

+12.8% from 2019

Total participants

120

+8.1% from 2019

Average account balance

$25,649

+3.9% from 2019

Annual return

16.91%

-8.97 pp from 2019

Benchmarks

See 9,300 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,300 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.01M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

156

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.

107.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$460K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2156

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

Top 3 by compensation

Provider	Service type	Compensation
NORTHFORK FINANCIAL LLC3 years Service code 27 PO BOX 965 · BOZEMAN, MT 59771	Advisory (Plan)	$3,598
UNITED PENSION ADMINISTRATION3 years Service code 13 3495 PARKWAY AVE · BOZEMAN, MT 59718	Contract Administrator	$2,916
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,968

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$8K

$88 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.343%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: AMATICS
Auditor EIN: 453057681
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,649

$65,034-60.6%

$90,970-71.8%

$79,856-67.9%

Participation rate

65.2%

61.6%+3.6pp

69.0%-3.8pp

69.6%-4.5pp

Annual return

16.91%

30.45%-13.5pp

134.60%-117.7pp

31.71%-14.8pp

Employer contribution / active EE

$893

$1,247-28.4%

$2,122-57.9%

$2,471-63.9%

Participant deferral / active EE

$1,454

$2,512-42.1%

$3,373-56.9%

$3,741-61.1%

Admin fee / account holder

$88

$4,536-98.1%

$5,961-98.5%

$5,306-98.3%

Provider

Service type

Compensation

NORTHFORK FINANCIAL LLC3 years

Service code 27

PO BOX 965 · BOZEMAN, MT 59771

Advisory (Plan)

$3,598

UNITED PENSION ADMINISTRATION3 years

Service code 13

3495 PARKWAY AVE · BOZEMAN, MT 59718

Contract Administrator

$2,916

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,968

CO-OP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CO-OP 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