Missouri › Manufacturing › 25,000 or more participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
Co-Op Retirement Plan
Sponsored by United Benefits Group, Kansas City, MO
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
Co-Op Retirement Plan is a defined benefit pension plan sponsored by United Benefits Group of Kansas City, Missouri. For the plan year ending 31 Mar 2025 it reported 37,176 participants, 14,814 of them active, and net assets of $3.50B. It is a multiple-employer plan covering the employees of more than one employer.
Net assets came to $94,075 per participant, above the $88,040 median for defined benefit plans with 25,000 or more participants and well above the $67,961 median for defined benefit plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Employer contributions were $62.5M for the year ($4,220 per active participant) and benefits paid were $192M. In a defined benefit plan the employer's contribution follows funding rules rather than a match formula, so it can swing widely from year to year.
Schedule C lists 15 service provider organisations paid $5,000 or more, with reported compensation of $26.3M: $707 per participant, well above the same-size median of $143. Administrative expenses charged to the plan were $27.4M. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $1.22B in 2009 to $3.50B in 2024 (up 187%), and participants from 34,025 to 37,176 (up 9%).
The independent accountant's opinion on the financial statements was unmodified (unqualified).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $94,075 | $88,040 | $67,961 | $86,221 |
| Employer contributions per active participant | $4,220 | $6,524 | $6,915 | $10,244 |
| Schedule C compensation per participant | $707 | $143 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.75% | 0.26% | 0.47% | 0.42% |
| Administrative expenses per participant | $738 | $306 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 25,000 or more participants (215 plans), manufacturing (1,532) and all US plans (5,308). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2024 | 37,176 | $3.50B | $94,075 | $62.5M | $34.2M | $26.3M |
| 2023 | 36,970 | $3.45B | $93,301 | $15.5M | $33.1M | $20.5M |
| 2022 | 37,354 | $3.37B | $90,134 | $60.2M | $32.3M | $22.4M |
| 2021 | 36,556 | $3.67B | $100,296 | $56.0M | $30.4M | $21.1M |
| 2020 | 36,424 | $3.42B | $94,001 | $59.0M | $29.2M | $17.5M |
| 2019 | 35,997 | $2.45B | $68,041 | $60.6M | $29.2M | $16.0M |
| 2018 | 35,570 | $2.65B | $74,518 | $81.7M | $29.0M | $14.2M |
| 2017 | 35,195 | $2.51B | $71,321 | $72.0M | $29.7M | $12.7M |
| 2016 | 35,200 | $2.24B | $63,572 | $73.1M | $29.3M | $14.0M |
| 2015 | 35,978 | $2.08B | $57,699 | $81.2M | $28.8M | $15.0M |
| 2014 | 34,520 | $2.07B | $59,841 | $70.3M | $27.8M | $13.4M |
| 2013 | 33,947 | $1.86B | $54,891 | $71.6M | $27.1M | $9.3M |
| 2012 | 33,596 | $1.66B | $49,482 | $69.6M | $25.9M | $8.3M |
| 2011 | 34,962 | $1.49B | $42,638 | $69.3M | $25.3M | $9.2M |
| 2010 | 34,742 | $1.38B | $39,850 | $66.5M | $25.9M | $6.5M |
| 2009 | 34,025 | $1.22B | $35,833 | $78.7M | $21.7M | $6.4M |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$3,449,320,565
- Employer contributions$62,512,547
- Participant contributions$34,220,094
- Rollovers and other contributions—
- Total contributions$96,732,641
- Total income, including investment results$267,463,024
- Benefits paid$192,018,602
- Administrative expenses$27,430,473
- Total expenses$219,449,075
- Net income$48,013,949
- Net transfers$0
- Net assets, end of year$3,497,334,514
Participants
- Active participants14,814
- Retired or separated, receiving benefits12,293
- Retired or separated, entitled to future benefits7,665
- Total participants, end of year37,176
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| JPMorgan Chase Bank, NA | Contract Administrator; Recordkeeping and information management; Custodial (other than securities); Custodial (securities); Trustee (bank, trust company, or similar financial institution) | $17,241,543 | $0 |
| Sandton Capital Solutions V | Investment management | $3,726,743 | $0 |
| BlackRock Re Partners X | Investment management | $1,050,000 | $0 |
| BlackRock Re Partners Ix | Investment management | $728,092 | $0 |
| Perceptive | Investment management | $699,619 | $0 |
| Sandton Capital Solutions IV | Investment management | $498,507 | $0 |
| King Street Global II | Investment management | $463,812 | $0 |
| Sandton | Investment management | $297,126 | $0 |
| Kingstreet Global Drawdown Fund | Investment management | $254,354 | $0 |
| Aon Consulting, Inc. | Actuarial | $228,192 | $0 |
| Fortress Lending Fund II | Investment management | $191,699 | $0 |
| BlackRock Real Estate Partners Viii | Investment management | $158,840 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 3 smaller rows are not shown. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Trustee and custodial fees$17,240,746
- Investment advisory and management fees$8,553,321
- Other administrative expenses$1,169,866
- Actuarial fees$228,193
- Contract administrator fees$112,564
- Legal fees$64,885
- IQPA audit fees$60,898
- Total administrative expenses$27,430,473
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Common/collective trusts$1.91B · 54.4%
- Partnership/joint venture interests$1.34B · 38.2%
- Other investments$193M · 5.5%
- U.S. Government securities$29.4M · 0.8%
- Receivables$20.4M · 0.6%
- Cash (interest and non-interest bearing)$18.2M · 0.5%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)No
- Accounting firmCBIZ CPAS P.C.
- Participant contributions reported as transmitted lateYes, $1,092,229
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
1ABenefits are primarily pay related
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 325300: Pesticide, Fertilizer, & Other Agricultural Chemical Mfg.
Similar plans in Missouri
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Emerson Electric Company Retirement Plan | Emerson Electric Company | 37,805 | $3.29B | $86,928 |
| Olin Corporation Employees Pension Plan | Olin Corporation | 18,546 | $1.80B | $96,887 |
| District No. 9 International Association of Machin Aerospace Workers Pension Plan | Joint Board of Trustees of District 9 I.A.M & A.W. Pension Trust | 13,905 | $749M | $53,884 |
| Bayer Corporation Pension Plan | Bayer Corporation | 13,649 | $2.01B | $146,985 |
| Monsanto Company Pension Plan | Bayer Corporation | 12,307 | $1.96B | $158,901 |
| Anheuser-Busch Defined Benefit Plan | Anheuser-Busch Companies, LLC | 5,582 | $508M | $90,936 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Co-Op Retirement Plan?
37,176 participants at the end of the plan year ending 31 Mar 2025, of whom 14,814 were active employees, with net assets of $3,497,334,514. Among defined benefit plans that places it in the 25,000 or more participants band, which held 215 plans in plan year 2024.
What does United Benefits Group contribute per participant?
The filing reports $62,512,547 in employer contributions for the year, which is $4,220 per active participant; the median for plans of the same type and size was $6,524 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $26,271,352 in compensation to service provider organisations, $707 per participant or 0.75% of net assets. The same-size median among plans reporting any Schedule C compensation was $143 per participant. Administrative expenses on Schedule H were $27,430,473. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is United Benefits Group. Recordkeeping or administration: JPMorgan Chase Bank, NA. Investment advisory or management: Sandton Capital Solutions V, BlackRock Re Partners X and BlackRock Re Partners Ix. Trustee or custodian: JPMorgan Chase Bank, NA. The financial statements were audited by CBIZ CPAS P.C.. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Apr 2024 to 31 Mar 2025, received by the Department of Labor on 8 Jan 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 01-0689331, plan 001, received 8 Jan 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.