Retirement plan

MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN

Name: MONTANA BEEF COUNCIL - MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MONTANA BEEF COUNCIL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN, MONTANA BEEF COUNCIL

MONTANA BEEF COUNCILEIN 81-0388133Plan #001PY 2023

2795 ENTERPRISE AVE #4 - BILLINGS, MT 59108406-656-3336montanabeefcouncil.orgLinkedIn1-10 employeespublishing

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$485K

+30.9% from 2022

Total participants

0.0% from 2022

Average account balance

$96,995

+4.7% from 2022

Annual return

13.65%

+34.54 pp from 2022

Benchmarks

See 6,332 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,332 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$725K

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$73K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+11.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22572

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 codes2E2F2J2T3D

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).
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$96,995

$141,004-31.2%

$112,273-13.6%

$139,466-30.5%

Participation rate

80.0%

79.2%+0.8pp

72.4%+7.6pp

80.3%-0.3pp

Annual return

13.65%

32.75%-19.1pp

30.23%-16.6pp

373.66%-360.0pp

Employer contribution / active EE

$4,954

$4,285+15.6%

$3,431+44.4%

$4,754+4.2%

Participant deferral / active EE

$7,800

$5,878+32.7%

$4,800+62.5%

$6,712+16.2%

Admin fee / account holder

$9,959-100.0%

$7,752-100.0%

$11,409-100.0%

MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion