Retirement plan

MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN

Name: MONTANA BEEF COUNCIL - MONTANA BEEF COUNCIL 401(K) PROFIT SHARING PLAN (2024) 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 2024

2795 ENTERPRISE AVE #4 - BILLINGS, MT 59102406-656-3336montanabeefcouncil.orgLinkedIn1-10 employeespublishing

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$686K

+41.5% from 2023

Total participants

0.0% from 2023

Average account balance

$137,254

+41.5% from 2023

Annual return

27.45%

+13.80 pp from 2023

Benchmarks

See 6,259 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants<25

Cohort6,259 peers

Snapshot2024

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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$137,254

$150,346-8.7%

$120,524+13.9%

$145,877-5.9%

Participation rate

80.0%

78.8%+1.2pp

71.9%+8.1pp

80.3%-0.3pp

Annual return

27.45%

154.40%-127.0pp

107.36%-79.9pp

551.28%-523.8pp

Employer contribution / active EE

$5,251

$4,353+20.6%

$3,469+51.4%

$4,663+12.6%

Participant deferral / active EE

$8,380

$6,172+35.8%

$4,994+67.8%

$6,691+25.3%

Admin fee / account holder

$12,215-100.0%

$9,440-100.0%

$13,402-100.0%

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