Iowa › Agriculture, forestry, fishing and hunting › 250 to 499 participants
Form 5500 statement · plan year 1 Apr 2024 to 31 Mar 2025
The Restated Noncontributory Retirement Plan for Cooperatives
Sponsored by Stateline Cooperative, Burt, IA
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.
The Restated Noncontributory Retirement Plan for Cooperatives is a defined benefit pension plan sponsored by Stateline Cooperative of Burt, Iowa. For the plan year ending 31 Mar 2025 it reported 271 participants, 58 of them active, and net assets of $24.6M.
Net assets came to $90,641 per participant, close to the $87,254 median for defined benefit plans with 250 to 499 participants and well above the $69,039 median for defined benefit plans in agriculture, forestry, fishing and hunting. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $30K: $111 per participant, well below the same-size median of $413. Administrative expenses charged to the plan were $59K. 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 $8.2M in 2009 to $24.6M in 2024 (up 198%), and participants from 270 to 271 (unchanged).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $90,641 | $87,254 | $69,039 | $86,221 |
| Employer contributions per active participant | — | $11,032 | $8,035 | $10,244 |
| Schedule C compensation per participant | $111 | $413 | $152 | $344 |
| Schedule C compensation, share of net assets | 0.12% | 0.51% | 0.19% | 0.42% |
| Administrative expenses per participant | $217 | $596 | $256 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 250 to 499 participants (873 plans), agriculture, forestry, fishing and hunting (48) 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 | 271 | $24.6M | $90,642 | — | — | $30K |
| 2023 | 278 | $24.6M | $88,457 | — | — | $31K |
| 2022 | 282 | $23.3M | $82,486 | $700K | — | $28K |
| 2021 | 289 | $25.4M | $87,723 | $805K | — | $31K |
| 2020 | 291 | $24.5M | $84,292 | $800K | — | $26K |
| 2019 | 293 | $17.6M | $59,915 | $737K | — | $25K |
| 2018 | 298 | $19.1M | $64,084 | $601K | — | $24K |
| 2017 | 312 | $18.4M | $59,103 | $600K | — | $26K |
| 2016 | 321 | $17.1M | $53,202 | $925K | — | $34K |
| 2015 | 312 | $14.7M | $46,981 | $600K | — | $57K |
| 2014 | 316 | $15.1M | $47,842 | $770K | — | $61K |
| 2013 | 300 | $13.7M | $45,653 | $1.0M | — | $48K |
| 2012 | 278 | $11.7M | $41,946 | $1.1M | — | $40K |
| 2011 | 275 | $10.0M | $36,375 | $600K | — | $37K |
| 2010 | 272 | $9.5M | $34,779 | $540K | — | $32K |
| 2009 | 270 | $8.2M | $30,537 | $1.6M | — | $86K |
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$24,591,141
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$1,316,649
- Benefits paid$1,285,118
- Administrative expenses$58,867
- Total expenses$1,343,985
- Net income−$27,336
- Net transfers$0
- Net assets, end of year$24,563,805
Participants
- Active participants58
- Retired or separated, receiving benefits112
- Retired or separated, entitled to future benefits77
- Total participants, end of year271
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Financial Group | Trustee (bank, trust company, or similar financial institution); Trustee (discretionary); Investment advisory (plan); Investment management | $22,308 | $0 |
| Mercer | Actuarial | $7,883 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. 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
- Other administrative expenses$28,078
- Investment advisory and management fees$22,308
- Actuarial fees$7,883
- Legal fees$598
- Total administrative expenses$58,867
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$14.8M · 60.0%
- Registered investment companies (mutual funds)$9.8M · 39.9%
- Receivables$16K · 0.1%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmMeriwether, Wilson and Co., PLLC
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $1,000,000
- 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 115110: Support Activities for Crop Production (including cotton ginning, soil preparation, planting, & cultivating).
Other plans of Stateline Cooperative
| Plan | Participants | Net assets |
|---|---|---|
| The Restated Thrift/profit Sharing Plan for Cooperatives | 201 | $20.4M |
Similar plans in Iowa
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| The Restated Noncontributory Retirement Plan for Cooperatives | Farmers Cooperative Society | 355 | $18.7M | $52,749 |
| The Restated Noncontributory Retirement Plan for Cooperatives | Mid Iowa Coop | 231 | $11.8M | $51,148 |
| The Restated Contributory Retirement Plan for Cooperatives | Five Star Cooperative | 436 | $39.8M | $91,333 |
| The Restated Noncontributory Retirement Plan for Cooperatives | River Valley Cooperative | 223 | $13.5M | $60,513 |
| The Restated Noncontributory Retirement Plan for Cooperatives | Cooperative Farmers Elevator | 519 | $31.1M | $59,947 |
| The Restated Contributory Retirement Plan for Cooperatives | Farmers Cooperative Elevator | 183 | $17.8M | $97,337 |
Defined benefit plans in agriculture, forestry, fishing and hunting closest in size.
Questions and answers
How big is The Restated Noncontributory Retirement Plan for Cooperatives?
271 participants at the end of the plan year ending 31 Mar 2025, of whom 58 were active employees, with net assets of $24,563,805. Among defined benefit plans that places it in the 250 to 499 participants band, which held 873 plans in plan year 2024.
What does Stateline Cooperative contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $30,191 in compensation to service provider organisations, $111 per participant or 0.12% of net assets. The same-size median among plans reporting any Schedule C compensation was $413 per participant. Administrative expenses on Schedule H were $58,867. 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 Stateline Cooperative. Investment advisory or management: Principal Financial Group. Trustee or custodian: Principal Financial Group. The financial statements were audited by Meriwether, Wilson and Co., PLLC. 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 from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. 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 14 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 42-1023410, plan 020, received 14 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.