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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).
  • Frozen Plan - As of the last day of the plan year, the plan provides that no participant will get any new benefit accrual (whether because of service or compensation).

401k Sponsoring company profile

SOUTH CENTRAL COOP has sponsored the creation of one or more 401k plans.

Company Name:SOUTH CENTRAL COOP
Employer identification number (EIN):420368740
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
0202019-04-01KELLY HAYERTZ2020-12-23 DEBRA PHELPS2020-12-23
0202018-04-01KELLY HAYERTZ2019-12-27 DEBRA PHELPS2019-12-27
0202017-04-01KELLY HAYERTZ2019-01-02 NEIL MOON2019-01-02
0202016-04-01KELLY HAYERTZ2018-01-02 NEIL MOON2018-01-02
0202015-04-01KELLY HAYERTZ2017-01-03 NEIL MOON2017-01-03
0202014-04-01KELLY HAYERTZ2015-12-23 NEIL MOON2015-12-28
0202013-04-01KELLY HAYERTZ2015-01-01 NEIL MOON2015-01-02
0202012-04-01KELLY HAYERTZ2014-01-02 NEIL MOON2014-01-03
0202011-04-01KELLY HAYERTZ2013-01-02 NEIL MOON2013-01-02
0202010-04-01KELLY HAYERTZ2012-01-07 NEIL MOON2012-01-09

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
2020: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2020 401k membership
Market value of plan assets2020-03-31720,538
Acturial value of plan assets2020-03-31719,833
Funding target for retired participants and beneficiaries receiving payment2020-03-31530,808
Number of terminated vested participants2020-03-316
Fundng target for terminated vested participants2020-03-3157,003
Active participant vested funding target2020-03-310
Number of active participants2020-03-310
Total funding liabilities for active participants2020-03-310
Total participant count2020-03-3119
Total funding target for all participants2020-03-31587,811
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-31102,640
Carryover balanced portion elected for use to offset prior years funding requirement2020-03-310
Prefunding balanced used to offset prior years funding requirement2020-03-310
Amount remaining of carryover balance2020-03-310
Amount remaining of prefunding balance2020-03-31102,640
Present value of excess contributions2020-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-310
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-310
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-31107,351
Total employer contributions2020-03-310
Total employee contributions2020-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2020-03-310
Contributions made to avoid restrictions adjusted to valuation date2020-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2020-03-310
Unpaid minimum required contributions for all prior years2020-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2020-03-310
Remaining amount of unpaid minimum required contributions2020-03-310
Minimum required contributions for current year target normal cost2020-03-312,096
Net shortfall amortization installment of oustanding balance2020-03-310
Waiver amortization installment2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-310
Carryover balance elected to use to offset funding requirement2020-03-310
Prefunding balance elected to use to offset funding requirement2020-03-310
Additional cash requirement2020-03-310
Contributions allocatedtoward minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for current year2020-03-310
Unpaid minimum required contributions for all years2020-03-310
2019: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2019 401k membership
Market value of plan assets2019-03-31741,346
Acturial value of plan assets2019-03-31723,074
Funding target for retired participants and beneficiaries receiving payment2019-03-31497,436
Number of terminated vested participants2019-03-317
Fundng target for terminated vested participants2019-03-31103,782
Active participant vested funding target2019-03-310
Number of active participants2019-03-310
Total funding liabilities for active participants2019-03-310
Total participant count2019-03-3119
Total funding target for all participants2019-03-31601,218
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-3181,041
Carryover balanced portion elected for use to offset prior years funding requirement2019-03-310
Prefunding balanced used to offset prior years funding requirement2019-03-310
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-3181,041
Present value of excess contributions2019-03-3114,445
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-3115,270
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-03-3115,270
Reductions in caryover balances due to elections or deemed elections2019-03-310
Reductions in prefunding balances due to elections or deemed elections2019-03-310
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-31102,640
Total employer contributions2019-03-310
Total employee contributions2019-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2019-03-310
Contributions made to avoid restrictions adjusted to valuation date2019-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2019-03-310
Unpaid minimum required contributions for all prior years2019-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2019-03-310
Remaining amount of unpaid minimum required contributions2019-03-310
Minimum required contributions for current year target normal cost2019-03-311,999
Net shortfall amortization installment of oustanding balance2019-03-310
Waiver amortization installment2019-03-310
Total funding amount beforereflecting carryover/prefunding balances2019-03-310
Carryover balance elected to use to offset funding requirement2019-03-310
Prefunding balance elected to use to offset funding requirement2019-03-310
Additional cash requirement2019-03-310
Contributions allocatedtoward minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for current year2019-03-310
Unpaid minimum required contributions for all years2019-03-310
2018: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2018 401k membership
Market value of plan assets2018-03-31736,811
Acturial value of plan assets2018-03-31726,118
Funding target for retired participants and beneficiaries receiving payment2018-03-31514,794
Number of terminated vested participants2018-03-318
Fundng target for terminated vested participants2018-03-31103,174
Active participant vested funding target2018-03-310
Number of active participants2018-03-310
Total funding liabilities for active participants2018-03-310
Total participant count2018-03-3120
Total funding target for all participants2018-03-31617,968
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-3160,915
Carryover balanced portion elected for use to offset prior years funding requirement2018-03-310
Prefunding balanced used to offset prior years funding requirement2018-03-310
Amount remaining of carryover balance2018-03-310
Amount remaining of prefunding balance2018-03-3160,915
Present value of excess contributions2018-03-3114,420
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-3115,271
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-03-3115,271
Reductions in caryover balances due to elections or deemed elections2018-03-310
Reductions in prefunding balances due to elections or deemed elections2018-03-310
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-3181,041
Total employer contributions2018-03-3115,000
Total employee contributions2018-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2018-03-310
Contributions made to avoid restrictions adjusted to valuation date2018-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2018-03-3114,445
Unpaid minimum required contributions for all prior years2018-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2018-03-310
Remaining amount of unpaid minimum required contributions2018-03-310
Minimum required contributions for current year target normal cost2018-03-311,969
Net shortfall amortization installment of oustanding balance2018-03-310
Waiver amortization installment2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-310
Carryover balance elected to use to offset funding requirement2018-03-310
Prefunding balance elected to use to offset funding requirement2018-03-310
Additional cash requirement2018-03-310
Contributions allocatedtoward minimum required contributions for current year2018-03-3114,445
Unpaid minimum required contributions for current year2018-03-310
Unpaid minimum required contributions for all years2018-03-310
2017: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2017 401k membership
Market value of plan assets2017-03-31716,598
Acturial value of plan assets2017-03-31727,667
Funding target for retired participants and beneficiaries receiving payment2017-03-31562,254
Number of terminated vested participants2017-03-318
Fundng target for terminated vested participants2017-03-3197,474
Active participant vested funding target2017-03-310
Number of active participants2017-03-310
Total funding liabilities for active participants2017-03-310
Total participant count2017-03-3123
Total funding target for all participants2017-03-31659,728
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-3143,889
Carryover balanced portion elected for use to offset prior years funding requirement2017-03-310
Prefunding balanced used to offset prior years funding requirement2017-03-310
Amount remaining of carryover balance2017-03-310
Amount remaining of prefunding balance2017-03-3143,889
Present value of excess contributions2017-03-3114,634
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-3115,528
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-03-3115,528
Reductions in caryover balances due to elections or deemed elections2017-03-310
Reductions in prefunding balances due to elections or deemed elections2017-03-312,101
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-3160,915
Total employer contributions2017-03-3115,000
Total employee contributions2017-03-310
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 date2017-03-3114,420
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 cost2017-03-312,045
Net shortfall amortization installment of oustanding balance2017-03-310
Waiver amortization installment2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-310
Additional cash requirement2017-03-310
Contributions allocatedtoward minimum required contributions for current year2017-03-3114,420
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310

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