Retirement plan

WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION 401(K) PROFIT SHARING PLAN

Name: WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION - WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION 401(K) PROFIT SHARING PLAN, WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION

WASHINGTON STATE CROP IMPROVEMENT ASSOCIATIONEIN 91-0609119Plan #002PY 2023

2575 NE HOPKINS CT. - PULLMAN, WA 991635622509-334-0461washingtoncrop.comLinkedIn1-10 employeesfarming

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.5M

-0.5% from 2022

Total participants

+12.5% from 2022

Average account balance

$187,123

-25.3% from 2022

Annual return

0.97%

+6.11 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

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$191K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$59K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+9.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1124

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 codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$107K

$13334 / participant

Other / not subdivided$107K100.0%

% of EOY assets

7.126%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$187,123

$141,001+32.7%

$112,228+66.7%

$139,487+34.2%

Participation rate

87.5%

79.2%+8.3pp

72.4%+15.1pp

80.3%+7.2pp

Annual return

0.97%

32.75%-31.8pp

30.23%-29.3pp

373.84%-372.9pp

Employer contribution / active EE

$4,682

$4,285+9.3%

$3,432+36.4%

$4,755-1.5%

Participant deferral / active EE

$5,965

$5,877+1.5%

$4,800+24.3%

$6,713-11.1%

Admin fee / account holder

$13,334

$9,959+33.9%

$7,752+72.0%

$11,407+16.9%

WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON STATE CROP IMPROVEMENT ASSOCIATION 401(K) PROFIT SHARING 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