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THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 401k Plan overview

Plan NameTHE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES
Plan identification number 020

THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES Benefits

401k Plan TypeDefined Benefit Pension
Plan Features/Benefits
  • Benefits are primarily pay related
  • Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

401k Sponsoring company profile

FARMERS COOPERATIVE COMPANY has sponsored the creation of one or more 401k plans.

Company Name:FARMERS COOPERATIVE COMPANY
Employer identification number (EIN):420244900
NAIC Classification:115110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0202016-04-01KELLY HAYERTZ2017-12-29 JIM CARLSON2017-12-29
0202015-04-01KELLY HAYERTZ2017-01-03 JIM CARLSON2017-01-03
0202014-04-01KELLY HAYERTZ2015-12-22 MICHAEL THOMPSON2015-12-22
0202013-04-01KELLY HAYERTZ2015-01-01 MICHAEL THOMPSON2015-01-02
0202012-04-01KELLY HAYERTZ2014-01-02 MICHAEL THOMPSON2014-01-03
0202011-04-01KELLY HAYERTZ2013-01-02 MICHAEL THOMPSON2013-01-04
0202010-04-01KELLY HAYERTZ2012-01-07 MICHAEL THOMPSON2012-01-13

Plan Statistics for THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES

401k plan membership statisitcs for THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES

Measure Date Value
2017: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2017 401k membership
Market value of plan assets2017-03-313,032,804
Acturial value of plan assets2017-03-313,202,059
Funding target for retired participants and beneficiaries receiving payment2017-03-31837,872
Number of terminated vested participants2017-03-3124
Fundng target for terminated vested participants2017-03-31426,442
Active participant vested funding target2017-03-311,212,094
Number of active participants2017-03-3120
Total funding liabilities for active participants2017-03-311,235,352
Total participant count2017-03-3159
Total funding target for all participants2017-03-312,499,666
Balance at beginning of prior year after applicable adjustments2017-03-31210,020
Prefunding balance at beginning of prior year after applicable adjustments2017-03-31388,808
Amount remaining of carryover balance2017-03-31210,020
Amount remaining of prefunding balance2017-03-31388,808
Present value of excess contributions2017-03-31127,505
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-31135,665
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-03-31135,665
Reductions in caryover balances due to elections or deemed elections2017-03-3159,530
Balance of carryovers at beginning of current year2017-03-31145,807
Balance of prefunding at beginning of current year2017-03-31515,803
Total employer contributions2017-03-31100,000
Total employee contributions2017-03-3115,871
Contributions allocated toward unpaid minimum require contributions from prior years2017-03-310
Contributions made to avoid restrictions adjusted to valuation date2017-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2017-03-3195,005
Unpaid minimum required contributions for all prior years2017-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2017-03-310
Remaining amount of unpaid minimum required contributions2017-03-310
Minimum required contributions for current year target normal cost2017-03-31100,191
Net shortfall amortization installment of oustanding balance2017-03-310
Waiver amortization installment2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-3159,408
Additional cash requirement2017-03-3159,408
Contributions allocatedtoward minimum required contributions for current year2017-03-3195,005
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310

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