The Restated Thrift/Profit Sharing Plan For Cooperatives — Form 5500 plan (Nexus Cooperative)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Restated Thrift/Profit Sharing Plan For Cooperatives is a benefit plan reported by Nexus Cooperative under EIN 42-0243960 and plan number 030. The latest loaded filing year is 2023. The filing reports 252 participants and $14,625,044 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nexus Cooperative
- EIN
- 42-0243960
- Plan number
- 030
- Plan type
- 2
- Location
- Charles City, IA
- Latest filing year
- 2023
- Participants
- 252
- End-of-year plan assets
- $14,625,044
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 252 | H, C | 20241010095156NAL0019885713001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $14,625,044
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $14,625,044
- Net assets (BOY)
- $13,829,659
Income & contributions
- Employer contributions
- $58,209
- Participant contributions
- $466,327
- Total contributions
- $529,713
- Total income / additions
- $2,427,280
Expenses & distributions
- Benefits paid
- $1,724,180
- Administrative expenses
- $25,764
- Total expenses
- $1,749,944
- Net increase / (decrease)
- $677,336
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $9,388 | $1,333 | 2023 |
| Edelman Financial Engines, LLC | INVESTMENT ADVISOR | $8,536 | not reported in the loaded dataset | 2023 |
| Associated Benefits Corporation | PLAN ADMINISTRATOR | $7,840 | not reported in the loaded dataset | 2023 |
| Massachusetts Financial Services Co | NONE | $0 | $0 | 2023 |
| Dst Asset Manager Solutions, Inc. | NONE | $0 | $0 | 2023 |
| Wellington Trust Co., Na | NONE | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Nexus Cooperative
- 2023 Form 5500 filing
- Form 5500 filings in IA
- 401(k) and benefit plan filings in Charles City, IA
- Principal Life Insurance Company — Schedule C compensation
- Edelman Financial Engines, LLC — Schedule C compensation
- Associated Benefits Corporation — Schedule C compensation
- Massachusetts Financial Services Co — Schedule C compensation
- Dst Asset Manager Solutions, Inc. — Schedule C compensation
- Wellington Trust Co., Na — Schedule C compensation