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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

OSAGE COOPERATIVE ELEVATOR has sponsored the creation of one or more 401k plans.

Company Name:OSAGE COOPERATIVE ELEVATOR
Employer identification number (EIN):420625867
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
0202022-04-01KELLY HAYERTZ2024-01-02 THOMAS HERRES2024-01-04
0202021-04-01KELLY HAYERTZ2022-12-21 THOMAS HERRES2023-01-04
0202020-04-01KELLY HAYERTZ2021-12-27 THOMAS HERRES2021-12-27
0202019-04-01KELLY HAYERTZ2020-12-23 THOMAS HERRES2020-12-28
0202018-04-01KELLY HAYERTZ2019-12-26 GAYLE MELCHER2019-12-26
0202017-04-01KELLY HAYERTZ2018-12-31 GAYLE MELCHER2019-01-02
0202016-04-01KELLY HAYERTZ2017-12-29 GAYLE MELCHER2017-12-29
0202015-04-01KELLY HAYERTZ2017-01-03 GAYLE MELCHER2017-01-04
0202014-04-01KELLY HAYERTZ2015-12-22 GAYLE MELCHER2015-12-22
0202013-04-01KELLY HAYERTZ2015-01-01 GAYLE MELCHER2015-01-02
0202012-04-01KELLY HAYERTZ2014-01-02 GAYLE MELCHER2014-01-03
0202011-04-01KELLY HAYERTZ2013-01-02 GAYLE MELCHER2013-01-02
0202010-04-01KELLY HAYERTZ2012-01-07 GAYLE MELCHER2012-01-09

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
2023: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2023 401k membership
Market value of plan assets2023-03-315,372,728
Acturial value of plan assets2023-03-315,014,937
Funding target for retired participants and beneficiaries receiving payment2023-03-311,403,820
Number of terminated vested participants2023-03-3116
Fundng target for terminated vested participants2023-03-31261,673
Active participant vested funding target2023-03-312,477,391
Number of active participants2023-03-3142
Total funding liabilities for active participants2023-03-312,530,598
Total participant count2023-03-3171
Total funding target for all participants2023-03-314,196,091
Balance at beginning of prior year after applicable adjustments2023-03-310
Prefunding balance at beginning of prior year after applicable adjustments2023-03-31759,819
Carryover balanced portion elected for use to offset prior years funding requirement2023-03-310
Prefunding balanced used to offset prior years funding requirement2023-03-31205,352
Amount remaining of carryover balance2023-03-310
Amount remaining of prefunding balance2023-03-31554,467
Present value of excess contributions2023-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2023-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2023-03-310
Reductions in caryover balances due to elections or deemed elections2023-03-310
Reductions in prefunding balances due to elections or deemed elections2023-03-310
Balance of carryovers at beginning of current year2023-03-310
Balance of prefunding at beginning of current year2023-03-31579,030
Total employer contributions2023-03-31340,000
Total employee contributions2023-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2023-03-310
Contributions made to avoid restrictions adjusted to valuation date2023-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2023-03-31327,434
Unpaid minimum required contributions for all prior years2023-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2023-03-310
Remaining amount of unpaid minimum required contributions2023-03-310
Minimum required contributions for current year target normal cost2023-03-31253,620
Net shortfall amortization installment of oustanding balance2023-03-310
Waiver amortization installment2023-03-310
Total funding amount beforereflecting carryover/prefunding balances2023-03-3113,804
Carryover balance elected to use to offset funding requirement2023-03-310
Prefunding balance elected to use to offset funding requirement2023-03-310
Additional cash requirement2023-03-3113,804
Contributions allocatedtoward minimum required contributions for current year2023-03-31327,434
Unpaid minimum required contributions for current year2023-03-310
Unpaid minimum required contributions for all years2023-03-310
2022: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2022 401k membership
Market value of plan assets2022-03-315,321,802
Acturial value of plan assets2022-03-314,789,621
Funding target for retired participants and beneficiaries receiving payment2022-03-311,585,015
Number of terminated vested participants2022-03-3115
Fundng target for terminated vested participants2022-03-31237,109
Active participant vested funding target2022-03-312,130,889
Number of active participants2022-03-3138
Total funding liabilities for active participants2022-03-312,172,855
Total participant count2022-03-3165
Total funding target for all participants2022-03-313,994,979
Balance at beginning of prior year after applicable adjustments2022-03-310
Prefunding balance at beginning of prior year after applicable adjustments2022-03-31255,831
Carryover balanced portion elected for use to offset prior years funding requirement2022-03-310
Prefunding balanced used to offset prior years funding requirement2022-03-310
Amount remaining of carryover balance2022-03-310
Amount remaining of prefunding balance2022-03-31255,831
Present value of excess contributions2022-03-31376,097
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2022-03-31396,820
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2022-03-31396,820
Reductions in caryover balances due to elections or deemed elections2022-03-310
Reductions in prefunding balances due to elections or deemed elections2022-03-310
Balance of carryovers at beginning of current year2022-03-310
Balance of prefunding at beginning of current year2022-03-31759,819
Total employer contributions2022-03-310
Total employee contributions2022-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2022-03-310
Contributions made to avoid restrictions adjusted to valuation date2022-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2022-03-310
Liquidity shortfalls end of Q12022-03-310
Liquidity shortfalls end of Q22022-03-310
Liquidity shortfalls end of Q32022-03-310
Liquidity shortfalls end of Q42022-03-310
Unpaid minimum required contributions for all prior years2022-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2022-03-310
Remaining amount of unpaid minimum required contributions2022-03-310
Minimum required contributions for current year target normal cost2022-03-31240,175
Net shortfall amortization installment of oustanding balance2022-03-310
Waiver amortization installment2022-03-310
Total funding amount beforereflecting carryover/prefunding balances2022-03-31205,352
Carryover balance elected to use to offset funding requirement2022-03-310
Prefunding balance elected to use to offset funding requirement2022-03-31205,352
Additional cash requirement2022-03-310
Contributions allocatedtoward minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for current year2022-03-310
Unpaid minimum required contributions for all years2022-03-310
2021: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2021 401k membership
Market value of plan assets2021-03-313,413,474
Acturial value of plan assets2021-03-313,754,822
Funding target for retired participants and beneficiaries receiving payment2021-03-311,248,141
Number of terminated vested participants2021-03-3114
Fundng target for terminated vested participants2021-03-31208,674
Active participant vested funding target2021-03-312,228,011
Number of active participants2021-03-3135
Total funding liabilities for active participants2021-03-312,247,745
Total participant count2021-03-3160
Total funding target for all participants2021-03-313,704,560
Balance at beginning of prior year after applicable adjustments2021-03-310
Prefunding balance at beginning of prior year after applicable adjustments2021-03-31427,253
Carryover balanced portion elected for use to offset prior years funding requirement2021-03-310
Prefunding balanced used to offset prior years funding requirement2021-03-31149,749
Amount remaining of carryover balance2021-03-310
Amount remaining of prefunding balance2021-03-31277,504
Present value of excess contributions2021-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2021-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2021-03-310
Reductions in caryover balances due to elections or deemed elections2021-03-310
Reductions in prefunding balances due to elections or deemed elections2021-03-310
Balance of carryovers at beginning of current year2021-03-310
Balance of prefunding at beginning of current year2021-03-31255,831
Total employer contributions2021-03-31678,000
Total employee contributions2021-03-310
Contributions allocated toward unpaid minimum require contributions from prior years2021-03-310
Contributions made to avoid restrictions adjusted to valuation date2021-03-310
Contributions allocated toward minimum required contributions for current year adjusted to valuation date2021-03-31638,721
Unpaid minimum required contributions for all prior years2021-03-310
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years2021-03-310
Remaining amount of unpaid minimum required contributions2021-03-310
Minimum required contributions for current year target normal cost2021-03-31229,328
Net shortfall amortization installment of oustanding balance2021-03-31205,569
Waiver amortization installment2021-03-310
Total funding amount beforereflecting carryover/prefunding balances2021-03-31262,624
Carryover balance elected to use to offset funding requirement2021-03-310
Prefunding balance elected to use to offset funding requirement2021-03-310
Additional cash requirement2021-03-31262,624
Contributions allocatedtoward minimum required contributions for current year2021-03-31638,721
Unpaid minimum required contributions for current year2021-03-310
Unpaid minimum required contributions for all years2021-03-310
2020: THE RESTATED NONCONTRIBUTORY RETIREMENT PLAN FOR COOPERATIVES 2020 401k membership
Market value of plan assets2020-03-313,792,885
Acturial value of plan assets2020-03-313,803,590
Funding target for retired participants and beneficiaries receiving payment2020-03-311,286,776
Number of terminated vested participants2020-03-3111
Fundng target for terminated vested participants2020-03-31122,642
Active participant vested funding target2020-03-311,923,854
Number of active participants2020-03-3137
Total funding liabilities for active participants2020-03-311,966,862
Total participant count2020-03-3158
Total funding target for all participants2020-03-313,376,280
Balance at beginning of prior year after applicable adjustments2020-03-310
Prefunding balance at beginning of prior year after applicable adjustments2020-03-31466,263
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 balance2020-03-31466,263
Present value of excess contributions2020-03-316,940
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2020-03-317,343
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2020-03-317,343
Reductions in caryover balances due to elections or deemed elections2020-03-310
Reductions in prefunding balances due to elections or deemed elections2020-03-3168,500
Balance of carryovers at beginning of current year2020-03-310
Balance of prefunding at beginning of current year2020-03-31427,253
Total employer contributions2020-03-3160,000
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 date2020-03-3157,217
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 cost2020-03-31207,023
Net shortfall amortization installment of oustanding balance2020-03-310
Waiver amortization installment2020-03-310
Total funding amount beforereflecting carryover/prefunding balances2020-03-31206,966
Carryover balance elected to use to offset funding requirement2020-03-310
Prefunding balance elected to use to offset funding requirement2020-03-31149,749
Additional cash requirement2020-03-3157,217
Contributions allocatedtoward minimum required contributions for current year2020-03-3157,217
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 assets2019-03-313,574,827
Acturial value of plan assets2019-03-313,491,999
Funding target for retired participants and beneficiaries receiving payment2019-03-311,303,373
Number of terminated vested participants2019-03-3110
Fundng target for terminated vested participants2019-03-3194,360
Active participant vested funding target2019-03-311,585,488
Number of active participants2019-03-3134
Total funding liabilities for active participants2019-03-311,627,998
Total participant count2019-03-3155
Total funding target for all participants2019-03-313,025,731
Balance at beginning of prior year after applicable adjustments2019-03-310
Prefunding balance at beginning of prior year after applicable adjustments2019-03-31610,158
Carryover balanced portion elected for use to offset prior years funding requirement2019-03-310
Prefunding balanced used to offset prior years funding requirement2019-03-3134,287
Amount remaining of carryover balance2019-03-310
Amount remaining of prefunding balance2019-03-31575,871
Present value of excess contributions2019-03-310
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2019-03-310
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2019-03-310
Reductions in prefunding balances due to elections or deemed elections2019-03-31160,400
Balance of carryovers at beginning of current year2019-03-310
Balance of prefunding at beginning of current year2019-03-31466,263
Total employer contributions2019-03-31205,000
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 date2019-03-31190,856
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 cost2019-03-31183,921
Net shortfall amortization installment of oustanding balance2019-03-310
Waiver amortization installment2019-03-310
Total funding amount beforereflecting carryover/prefunding balances2019-03-31183,916
Carryover balance elected to use to offset funding requirement2019-03-310
Prefunding balance elected to use to offset funding requirement2019-03-310
Additional cash requirement2019-03-31183,916
Contributions allocatedtoward minimum required contributions for current year2019-03-31190,856
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 assets2018-03-313,267,509
Acturial value of plan assets2018-03-313,288,659
Funding target for retired participants and beneficiaries receiving payment2018-03-31826,683
Number of terminated vested participants2018-03-318
Fundng target for terminated vested participants2018-03-3158,855
Active participant vested funding target2018-03-311,783,485
Number of active participants2018-03-3131
Total funding liabilities for active participants2018-03-311,792,963
Total participant count2018-03-3149
Total funding target for all participants2018-03-312,678,501
Balance at beginning of prior year after applicable adjustments2018-03-310
Prefunding balance at beginning of prior year after applicable adjustments2018-03-31703,122
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 balance2018-03-31703,122
Present value of excess contributions2018-03-3181,876
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2018-03-3186,936
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2018-03-3186,936
Reductions in caryover balances due to elections or deemed elections2018-03-310
Reductions in prefunding balances due to elections or deemed elections2018-03-31215,478
Balance of carryovers at beginning of current year2018-03-310
Balance of prefunding at beginning of current year2018-03-31610,158
Total employer contributions2018-03-31150,000
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 date2018-03-31139,201
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 cost2018-03-31173,488
Net shortfall amortization installment of oustanding balance2018-03-310
Waiver amortization installment2018-03-310
Total funding amount beforereflecting carryover/prefunding balances2018-03-31173,488
Carryover balance elected to use to offset funding requirement2018-03-310
Prefunding balance elected to use to offset funding requirement2018-03-3134,287
Additional cash requirement2018-03-31139,201
Contributions allocatedtoward minimum required contributions for current year2018-03-31139,201
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 assets2017-03-312,863,199
Acturial value of plan assets2017-03-313,021,551
Funding target for retired participants and beneficiaries receiving payment2017-03-31752,726
Number of terminated vested participants2017-03-3110
Fundng target for terminated vested participants2017-03-31157,924
Active participant vested funding target2017-03-311,364,088
Number of active participants2017-03-3127
Total funding liabilities for active participants2017-03-311,378,440
Total participant count2017-03-3146
Total funding target for all participants2017-03-312,289,090
Balance at beginning of prior year after applicable adjustments2017-03-310
Prefunding balance at beginning of prior year after applicable adjustments2017-03-31575,185
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 balance2017-03-31575,185
Present value of excess contributions2017-03-31152,385
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance2017-03-31162,016
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance2017-03-31162,016
Reductions in caryover balances due to elections or deemed elections2017-03-310
Reductions in prefunding balances due to elections or deemed elections2017-03-3170,488
Balance of carryovers at beginning of current year2017-03-310
Balance of prefunding at beginning of current year2017-03-31703,122
Total employer contributions2017-03-31210,000
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 date2017-03-31197,681
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 cost2017-03-31145,144
Net shortfall amortization installment of oustanding balance2017-03-310
Waiver amortization installment2017-03-310
Waived amount of outstanding balance2017-03-310
Total funding amount beforereflecting carryover/prefunding balances2017-03-31115,805
Carryover balance elected to use to offset funding requirement2017-03-310
Prefunding balance elected to use to offset funding requirement2017-03-310
Additional cash requirement2017-03-31115,805
Contributions allocatedtoward minimum required contributions for current year2017-03-31197,681
Unpaid minimum required contributions for current year2017-03-310
Unpaid minimum required contributions for all years2017-03-310

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