Texas › Agriculture, forestry, fishing and hunting › 100 to 249 participants
Form 5500 statement · plan year 1 Jul 2024 to 30 Jun 2025
Retirement Plan for Employees of Plains Cotton Cooperative Association
Sponsored by Plains Cotton Cooperative Association, Lubbock, TX
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.
Plains Cotton Cooperative Association of Lubbock, Texas sponsors Retirement Plan for Employees of Plains Cotton Cooperative Association, a defined benefit pension plan. Its Form 5500 for the plan year ending 30 Jun 2025 shows 163 participants (2 active) and $5.4M in net assets.
Net assets came to $33,162 per participant, well below the $80,635 median for defined benefit plans with 100 to 249 participants and well below 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 4 service provider organisations paid $5,000 or more, with reported compensation of $852K: $5,225 per participant, well above the same-size median of $451. Administrative expenses charged to the plan were $880K. 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 $57.8M in 2010 to $5.4M in 2024 (down 91%), and participants from 1,359 to 163 (down 88%).
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 | $33,162 | $80,635 | $69,039 | $86,221 |
| Employer contributions per active participant | — | $9,975 | $8,035 | $10,244 |
| Schedule C compensation per participant | $5,225 | $451 | $152 | $344 |
| Schedule C compensation, share of net assets | 15.8% | 0.52% | 0.19% | 0.42% |
| Administrative expenses per participant | $5,400 | $582 | $256 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 100 to 249 participants (1,156 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 | 163 | $5.4M | $33,160 | — | — | $852K |
| 2023 | 284 | $50.0M | $175,958 | $0 | — | $573K |
| 2022 | 333 | $54.8M | $164,498 | $1.0M | — | $400K |
| 2021 | 692 | $75.6M | $109,249 | $1.0M | — | $343K |
| 2020 | 717 | $90.9M | $126,728 | $1.0M | — | $313K |
| 2019 | 736 | $74.0M | $100,595 | $1.8M | $0 | $430K |
| 2018 | 820 | $79.1M | $96,461 | $910K | — | $279K |
| 2017 | 844 | $79.6M | $94,320 | $947K | — | $291K |
| 2016 | 858 | $76.8M | $89,490 | $1.6M | — | $456K |
| 2015 | 1,246 | $75.1M | $60,278 | $2.7M | — | $244K |
| 2014 | 1,261 | $78.2M | $62,023 | $1.9M | — | $305K |
| 2013 | 1,274 | $77.0M | $60,429 | $764K | — | $335K |
| 2012 | 1,288 | $68.7M | $53,335 | $4.9M | — | $292K |
| 2011 | 1,335 | $59.5M | $44,570 | $4.4M | — | $274K |
| 2010 | 1,359 | $57.8M | $42,555 | $4.1M | — | $290K |
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$49,971,799
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results$2,150,799
- Benefits paid$45,836,984
- Administrative expenses$880,277
- Total expenses$46,717,261
- Net income−$44,566,462
- Net transfers$0
- Net assets, end of year$5,405,337
Participants
- Active participants2
- Retired or separated, receiving benefits141
- Retired or separated, entitled to future benefits20
- Total participants, end of year163
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Willis Towers Watson US LLC | Actuarial | $641,734 | $0 |
| Prosperity Bank | Trustee (bank, trust company, or similar financial institution) | $131,209 | $0 |
| Snell & Wilmer L.L.P. | Legal | $73,400 | $0 |
| RBMS, LLP. | Accounting (including auditing) | $5,250 | $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
- Actuarial fees$641,734
- Trustee and custodial fees$131,209
- Legal fees$73,400
- Other administrative expenses$28,684
- IQPA audit fees$5,250
- Total administrative expenses$880,277
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.
- Cash (interest and non-interest bearing)$5.4M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Accounting firmRBMS, LLP.
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the yearNo
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 related1IFrozen plan
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 111900: Other Crop Farming (including tobacco, cotton, sugarcane, hay, peanut, sugar beet, & all other crop farming).
Other plans of Plains Cotton Cooperative Association
| Plan | Participants | Net assets |
|---|---|---|
| Co-Op 401(k) Plan | 243 | $13.0M |
Similar plans in Texas
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Retirement Plan for Employees of King Ranch, Inc. | King Ranch, Inc. | 167 | $44.0M | $263,213 |
Defined benefit plans in agriculture, forestry, fishing and hunting closest in size.
Questions and answers
How big is Retirement Plan for Employees of Plains Cotton Cooperative Association?
163 participants at the end of the plan year ending 30 Jun 2025, of whom 2 were active employees, with net assets of $5,405,337. Among defined benefit plans that places it in the 100 to 249 participants band, which held 1,156 plans in plan year 2024.
What does Plains Cotton Cooperative Association 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 $851,593 in compensation to service provider organisations, $5,225 per participant or 15.8% of net assets. The same-size median among plans reporting any Schedule C compensation was $451 per participant. Administrative expenses on Schedule H were $880,277. 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 Plains Cotton Cooperative Association. Trustee or custodian: Prosperity Bank. The financial statements were audited by RBMS, LLP.. 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 Jul 2024 to 30 Jun 2025, received by the Department of Labor on 15 Apr 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 75-0868898, plan 001, received 15 Apr 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.