401k Plan data: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN plan

IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 401k Plan overview

Plan Name	IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN
Plan identification number	001

IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN Benefits

401k Plan Type

Defined Benefit Pension

Plan Features/Benefits

Benefits are primarily flat dollar (includes dollars per year of service)
Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

IOWA SOYBEAN ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name: IOWA SOYBEAN ASSOCIATION

Employer identification number (EIN): 426127197

NAIC Classification: 115110

Additional information about IOWA SOYBEAN ASSOCIATION

Jurisdiction of Incorporation: Iowa Secretary of State Business Entities

Incorporation Date: 1964-12-16

Company Identification Number: 077143

Legal Registered Office Address: 801 GRAND AVE STE 3700

DES MOINES
United States of America (USA)
50309

More information about IOWA SOYBEAN ASSOCIATION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2021-09-01 STEPHEN MCGIINNIS 2023-06-05 STEPHEN MCGIINNIS 2023-06-05
001 2020-09-01 STEPHEN MCGINNIS 2022-03-29 STEPHEN MCGINNIS 2022-03-29
001 2019-09-01 STEPHEN MCGINNIS 2021-06-01 STEPHEN MCGINNIS 2021-06-01
001 2018-09-01 DONNA DONOVAN 2020-05-01 DONNA DONOVAN 2020-05-01
001 2017-09-01 DONNA DONOVAN 2019-03-27 DONNA DONOVAN 2019-03-27
001 2016-09-01 DONNA DONOVAN 2018-03-21 DONNA DONOVAN 2018-03-21
001 2015-09-01 DONNA DONOVAN 2017-03-31 DONNA DONOVAN 2017-03-31
001 2014-09-01 DONNA DONOVAN 2016-04-04 DONNA DONOVAN 2016-04-04
001 2013-09-01 DONNA DONOVAN 2015-01-13 DONNA DONOVAN 2015-01-13
001 2012-09-01 DONNA DONOVAN 2014-02-14 DONNA DONOVAN 2014-02-14
001 2011-09-01 DONNA DONOVAN 2013-03-20 DONNA DONOVAN 2013-03-20
001 2010-09-01 DONNA DONOVAN 2012-07-31 DONNA DONOVAN 2012-07-31

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2021-09-01	STEPHEN MCGIINNIS	2023-06-05	STEPHEN MCGIINNIS	2023-06-05
001	2020-09-01	STEPHEN MCGINNIS	2022-03-29	STEPHEN MCGINNIS	2022-03-29
001	2019-09-01	STEPHEN MCGINNIS	2021-06-01	STEPHEN MCGINNIS	2021-06-01
001	2018-09-01	DONNA DONOVAN	2020-05-01	DONNA DONOVAN	2020-05-01
001	2017-09-01	DONNA DONOVAN	2019-03-27	DONNA DONOVAN	2019-03-27
001	2016-09-01	DONNA DONOVAN	2018-03-21	DONNA DONOVAN	2018-03-21
001	2015-09-01	DONNA DONOVAN	2017-03-31	DONNA DONOVAN	2017-03-31
001	2014-09-01	DONNA DONOVAN	2016-04-04	DONNA DONOVAN	2016-04-04
001	2013-09-01	DONNA DONOVAN	2015-01-13	DONNA DONOVAN	2015-01-13
001	2012-09-01	DONNA DONOVAN	2014-02-14	DONNA DONOVAN	2014-02-14
001	2011-09-01	DONNA DONOVAN	2013-03-20	DONNA DONOVAN	2013-03-20
001	2010-09-01	DONNA DONOVAN	2012-07-31	DONNA DONOVAN	2012-07-31

Plan Statistics for IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN

401k plan membership statisitcs for IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN

Measure Date Value
2022: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets 2022-08-31 10,633,230
Acturial value of plan assets 2022-08-31 9,861,291
Funding target for retired participants and beneficiaries receiving payment 2022-08-31 2,441,717
Number of terminated vested participants 2022-08-31 38
Fundng target for terminated vested participants 2022-08-31 1,204,452
Active participant vested funding target 2022-08-31 3,524,521
Number of active participants 2022-08-31 46
Total funding liabilities for active participants 2022-08-31 3,642,750
Total participant count 2022-08-31 105
Total funding target for all participants 2022-08-31 7,288,919
Balance at beginning of prior year after applicable adjustments 2022-08-31 1,547
Prefunding balance at beginning of prior year after applicable adjustments 2022-08-31 639,046
Carryover balanced portion elected for use to offset prior years funding requirement 2022-08-31 0
Prefunding balanced used to offset prior years funding requirement 2022-08-31 0
Amount remaining of carryover balance 2022-08-31 1,547
Amount remaining of prefunding balance 2022-08-31 639,046
Present value of excess contributions 2022-08-31 0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2022-08-31 0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2022-08-31 0
Reductions in caryover balances due to elections or deemed elections 2022-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2022-08-31 0
Balance of carryovers at beginning of current year 2022-08-31 1,790
Balance of prefunding at beginning of current year 2022-08-31 739,632
Total employer contributions 2022-08-31 1,000,000
Contributions allocated toward unpaid minimum require contributions from prior years 2022-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2022-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2022-08-31 966,790
Unpaid minimum required contributions for all prior years 2022-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2022-08-31 0
Remaining amount of unpaid minimum required contributions 2022-08-31 0
Minimum required contributions for current year target normal cost 2022-08-31 367,583
Net shortfall amortization installment of oustanding balance 2022-08-31 0
Waiver amortization installment 2022-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2022-08-31 0
Carryover balance elected to use to offset funding requirement 2022-08-31 0
Prefunding balance elected to use to offset funding requirement 2022-08-31 0
Additional cash requirement 2022-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2022-08-31 966,790
Unpaid minimum required contributions for current year 2022-08-31 0
Unpaid minimum required contributions for all years 2022-08-31 0
2021: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets 2021-08-31 9,411,622
Acturial value of plan assets 2021-08-31 9,043,366
Funding target for retired participants and beneficiaries receiving payment 2021-08-31 1,770,091
Number of terminated vested participants 2021-08-31 38
Fundng target for terminated vested participants 2021-08-31 1,187,037
Active participant vested funding target 2021-08-31 3,748,954
Number of active participants 2021-08-31 55
Total funding liabilities for active participants 2021-08-31 3,904,531
Total participant count 2021-08-31 110
Total funding target for all participants 2021-08-31 6,861,659
Balance at beginning of prior year after applicable adjustments 2021-08-31 1,353
Prefunding balance at beginning of prior year after applicable adjustments 2021-08-31 558,851
Carryover balanced portion elected for use to offset prior years funding requirement 2021-08-31 0
Prefunding balanced used to offset prior years funding requirement 2021-08-31 0
Amount remaining of carryover balance 2021-08-31 1,353
Amount remaining of prefunding balance 2021-08-31 558,851
Present value of excess contributions 2021-08-31 1,079,763
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2021-08-31 1,141,417
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2021-08-31 0
Reductions in caryover balances due to elections or deemed elections 2021-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2021-08-31 0
Balance of carryovers at beginning of current year 2021-08-31 1,547
Balance of prefunding at beginning of current year 2021-08-31 639,046
Total employer contributions 2021-08-31 0
Total employee contributions 2021-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2021-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2021-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2021-08-31 0
Unpaid minimum required contributions for all prior years 2021-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2021-08-31 0
Remaining amount of unpaid minimum required contributions 2021-08-31 0
Minimum required contributions for current year target normal cost 2021-08-31 397,514
Net shortfall amortization installment of oustanding balance 2021-08-31 0
Waiver amortization installment 2021-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2021-08-31 0
Carryover balance elected to use to offset funding requirement 2021-08-31 0
Prefunding balance elected to use to offset funding requirement 2021-08-31 0
Additional cash requirement 2021-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2021-08-31 0
Unpaid minimum required contributions for current year 2021-08-31 0
Unpaid minimum required contributions for all years 2021-08-31 0
2020: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets 2020-08-31 7,385,526
Acturial value of plan assets 2020-08-31 7,356,079
Funding target for retired participants and beneficiaries receiving payment 2020-08-31 1,223,157
Number of terminated vested participants 2020-08-31 29
Fundng target for terminated vested participants 2020-08-31 722,709
Active participant vested funding target 2020-08-31 3,930,705
Number of active participants 2020-08-31 63
Total funding liabilities for active participants 2020-08-31 4,110,828
Total participant count 2020-08-31 106
Total funding target for all participants 2020-08-31 6,056,694
Balance at beginning of prior year after applicable adjustments 2020-08-31 1,289
Prefunding balance at beginning of prior year after applicable adjustments 2020-08-31 532,340
Carryover balanced portion elected for use to offset prior years funding requirement 2020-08-31 0
Prefunding balanced used to offset prior years funding requirement 2020-08-31 0
Amount remaining of carryover balance 2020-08-31 1,289
Amount remaining of prefunding balance 2020-08-31 532,340
Present value of excess contributions 2020-08-31 591,935
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2020-08-31 626,741
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2020-08-31 0
Reductions in caryover balances due to elections or deemed elections 2020-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2020-08-31 0
Balance of carryovers at beginning of current year 2020-08-31 1,353
Balance of prefunding at beginning of current year 2020-08-31 558,851
Total employer contributions 2020-08-31 1,166,000
Total employee contributions 2020-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2020-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2020-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2020-08-31 1,079,763
Unpaid minimum required contributions for all prior years 2020-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2020-08-31 0
Remaining amount of unpaid minimum required contributions 2020-08-31 0
Minimum required contributions for current year target normal cost 2020-08-31 442,947
Net shortfall amortization installment of oustanding balance 2020-08-31 0
Waiver amortization installment 2020-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2020-08-31 0
Carryover balance elected to use to offset funding requirement 2020-08-31 0
Prefunding balance elected to use to offset funding requirement 2020-08-31 0
Additional cash requirement 2020-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2020-08-31 1,079,763
Unpaid minimum required contributions for current year 2020-08-31 0
Unpaid minimum required contributions for all years 2020-08-31 0
2019: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets 2019-08-31 6,536,239
Acturial value of plan assets 2019-08-31 6,309,710
Funding target for retired participants and beneficiaries receiving payment 2019-08-31 719,289
Number of terminated vested participants 2019-08-31 26
Fundng target for terminated vested participants 2019-08-31 618,451
Active participant vested funding target 2019-08-31 3,597,519
Number of active participants 2019-08-31 66
Total funding liabilities for active participants 2019-08-31 3,766,544
Total participant count 2019-08-31 105
Total funding target for all participants 2019-08-31 5,104,284
Balance at beginning of prior year after applicable adjustments 2019-08-31 1,160
Prefunding balance at beginning of prior year after applicable adjustments 2019-08-31 479,240
Carryover balanced portion elected for use to offset prior years funding requirement 2019-08-31 0
Prefunding balanced used to offset prior years funding requirement 2019-08-31 0
Amount remaining of carryover balance 2019-08-31 1,160
Amount remaining of prefunding balance 2019-08-31 479,240
Present value of excess contributions 2019-08-31 338,351
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2019-08-31 358,957
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2019-08-31 0
Reductions in caryover balances due to elections or deemed elections 2019-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2019-08-31 0
Balance of carryovers at beginning of current year 2019-08-31 1,289
Balance of prefunding at beginning of current year 2019-08-31 532,340
Total employer contributions 2019-08-31 636,296
Total employee contributions 2019-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2019-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2019-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2019-08-31 591,935
Unpaid minimum required contributions for all prior years 2019-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2019-08-31 0
Remaining amount of unpaid minimum required contributions 2019-08-31 0
Minimum required contributions for current year target normal cost 2019-08-31 400,768
Net shortfall amortization installment of oustanding balance 2019-08-31 0
Waiver amortization installment 2019-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2019-08-31 0
Carryover balance elected to use to offset funding requirement 2019-08-31 0
Prefunding balance elected to use to offset funding requirement 2019-08-31 0
Additional cash requirement 2019-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2019-08-31 591,935
Unpaid minimum required contributions for current year 2019-08-31 0
Unpaid minimum required contributions for all years 2019-08-31 0
2018: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets 2018-08-31 5,627,639
Acturial value of plan assets 2018-08-31 5,513,051
Funding target for retired participants and beneficiaries receiving payment 2018-08-31 524,798
Number of terminated vested participants 2018-08-31 22
Fundng target for terminated vested participants 2018-08-31 542,396
Active participant vested funding target 2018-08-31 3,066,122
Number of active participants 2018-08-31 64
Total funding liabilities for active participants 2018-08-31 3,252,198
Total participant count 2018-08-31 98
Total funding target for all participants 2018-08-31 4,319,392
Balance at beginning of prior year after applicable adjustments 2018-08-31 1,054
Prefunding balance at beginning of prior year after applicable adjustments 2018-08-31 435,475
Carryover balanced portion elected for use to offset prior years funding requirement 2018-08-31 0
Prefunding balanced used to offset prior years funding requirement 2018-08-31 0
Amount remaining of carryover balance 2018-08-31 1,054
Amount remaining of prefunding balance 2018-08-31 435,475
Present value of excess contributions 2018-08-31 321,806
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2018-08-31 342,015
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2018-08-31 0
Reductions in caryover balances due to elections or deemed elections 2018-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2018-08-31 0
Balance of carryovers at beginning of current year 2018-08-31 1,160
Balance of prefunding at beginning of current year 2018-08-31 479,240
Total employer contributions 2018-08-31 360,296
Total employee contributions 2018-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2018-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2018-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2018-08-31 338,351
Unpaid minimum required contributions for all prior years 2018-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2018-08-31 0
Remaining amount of unpaid minimum required contributions 2018-08-31 0
Minimum required contributions for current year target normal cost 2018-08-31 360,296
Net shortfall amortization installment of oustanding balance 2018-08-31 0
Waiver amortization installment 2018-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2018-08-31 0
Carryover balance elected to use to offset funding requirement 2018-08-31 0
Prefunding balance elected to use to offset funding requirement 2018-08-31 0
Additional cash requirement 2018-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2018-08-31 338,351
Unpaid minimum required contributions for current year 2018-08-31 0
Unpaid minimum required contributions for all years 2018-08-31 0
2017: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets 2017-08-31 4,874,432
Acturial value of plan assets 2017-08-31 4,933,747
Funding target for retired participants and beneficiaries receiving payment 2017-08-31 529,279
Number of terminated vested participants 2017-08-31 19
Fundng target for terminated vested participants 2017-08-31 437,316
Active participant vested funding target 2017-08-31 2,492,517
Number of active participants 2017-08-31 67
Total funding liabilities for active participants 2017-08-31 2,679,104
Total participant count 2017-08-31 98
Total funding target for all participants 2017-08-31 3,645,699
Balance at beginning of prior year after applicable adjustments 2017-08-31 983
Prefunding balance at beginning of prior year after applicable adjustments 2017-08-31 406,265
Carryover balanced portion elected for use to offset prior years funding requirement 2017-08-31 0
Prefunding balanced used to offset prior years funding requirement 2017-08-31 0
Amount remaining of carryover balance 2017-08-31 983
Amount remaining of prefunding balance 2017-08-31 406,265
Present value of excess contributions 2017-08-31 280,707
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance 2017-08-31 298,869
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance 2017-08-31 0
Reductions in caryover balances due to elections or deemed elections 2017-08-31 0
Reductions in prefunding balances due to elections or deemed elections 2017-08-31 0
Balance of carryovers at beginning of current year 2017-08-31 1,054
Balance of prefunding at beginning of current year 2017-08-31 435,475
Total employer contributions 2017-08-31 342,587
Total employee contributions 2017-08-31 0
Contributions allocated toward unpaid minimum require contributions from prior years 2017-08-31 0
Contributions made to avoid restrictions adjusted to valuation date 2017-08-31 0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date 2017-08-31 321,806
Unpaid minimum required contributions for all prior years 2017-08-31 0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years 2017-08-31 0
Remaining amount of unpaid minimum required contributions 2017-08-31 0
Minimum required contributions for current year target normal cost 2017-08-31 342,587
Net shortfall amortization installment of oustanding balance 2017-08-31 0
Waiver amortization installment 2017-08-31 0
Total funding amount beforereflecting carryover/prefunding balances 2017-08-31 0
Carryover balance elected to use to offset funding requirement 2017-08-31 0
Prefunding balance elected to use to offset funding requirement 2017-08-31 0
Additional cash requirement 2017-08-31 0
Contributions allocatedtoward minimum required contributions for current year 2017-08-31 321,806
Unpaid minimum required contributions for current year 2017-08-31 0
Unpaid minimum required contributions for all years 2017-08-31 0

Measure	Date	Value
2022: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2022 401k membership
Market value of plan assets	2022-08-31	10,633,230
Acturial value of plan assets	2022-08-31	9,861,291
Funding target for retired participants and beneficiaries receiving payment	2022-08-31	2,441,717
Number of terminated vested participants	2022-08-31	38
Fundng target for terminated vested participants	2022-08-31	1,204,452
Active participant vested funding target	2022-08-31	3,524,521
Number of active participants	2022-08-31	46
Total funding liabilities for active participants	2022-08-31	3,642,750
Total participant count	2022-08-31	105
Total funding target for all participants	2022-08-31	7,288,919
Balance at beginning of prior year after applicable adjustments	2022-08-31	1,547
Prefunding balance at beginning of prior year after applicable adjustments	2022-08-31	639,046
Carryover balanced portion elected for use to offset prior years funding requirement	2022-08-31	0
Prefunding balanced used to offset prior years funding requirement	2022-08-31	0
Amount remaining of carryover balance	2022-08-31	1,547
Amount remaining of prefunding balance	2022-08-31	639,046
Present value of excess contributions	2022-08-31	0
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2022-08-31	0
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2022-08-31	0
Reductions in caryover balances due to elections or deemed elections	2022-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2022-08-31	0
Balance of carryovers at beginning of current year	2022-08-31	1,790
Balance of prefunding at beginning of current year	2022-08-31	739,632
Total employer contributions	2022-08-31	1,000,000
Contributions allocated toward unpaid minimum require contributions from prior years	2022-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2022-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2022-08-31	966,790
Unpaid minimum required contributions for all prior years	2022-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2022-08-31	0
Remaining amount of unpaid minimum required contributions	2022-08-31	0
Minimum required contributions for current year target normal cost	2022-08-31	367,583
Net shortfall amortization installment of oustanding balance	2022-08-31	0
Waiver amortization installment	2022-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2022-08-31	0
Carryover balance elected to use to offset funding requirement	2022-08-31	0
Prefunding balance elected to use to offset funding requirement	2022-08-31	0
Additional cash requirement	2022-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2022-08-31	966,790
Unpaid minimum required contributions for current year	2022-08-31	0
Unpaid minimum required contributions for all years	2022-08-31	0
2021: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2021 401k membership
Market value of plan assets	2021-08-31	9,411,622
Acturial value of plan assets	2021-08-31	9,043,366
Funding target for retired participants and beneficiaries receiving payment	2021-08-31	1,770,091
Number of terminated vested participants	2021-08-31	38
Fundng target for terminated vested participants	2021-08-31	1,187,037
Active participant vested funding target	2021-08-31	3,748,954
Number of active participants	2021-08-31	55
Total funding liabilities for active participants	2021-08-31	3,904,531
Total participant count	2021-08-31	110
Total funding target for all participants	2021-08-31	6,861,659
Balance at beginning of prior year after applicable adjustments	2021-08-31	1,353
Prefunding balance at beginning of prior year after applicable adjustments	2021-08-31	558,851
Carryover balanced portion elected for use to offset prior years funding requirement	2021-08-31	0
Prefunding balanced used to offset prior years funding requirement	2021-08-31	0
Amount remaining of carryover balance	2021-08-31	1,353
Amount remaining of prefunding balance	2021-08-31	558,851
Present value of excess contributions	2021-08-31	1,079,763
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2021-08-31	1,141,417
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2021-08-31	0
Reductions in caryover balances due to elections or deemed elections	2021-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2021-08-31	0
Balance of carryovers at beginning of current year	2021-08-31	1,547
Balance of prefunding at beginning of current year	2021-08-31	639,046
Total employer contributions	2021-08-31	0
Total employee contributions	2021-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2021-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2021-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2021-08-31	0
Unpaid minimum required contributions for all prior years	2021-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2021-08-31	0
Remaining amount of unpaid minimum required contributions	2021-08-31	0
Minimum required contributions for current year target normal cost	2021-08-31	397,514
Net shortfall amortization installment of oustanding balance	2021-08-31	0
Waiver amortization installment	2021-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2021-08-31	0
Carryover balance elected to use to offset funding requirement	2021-08-31	0
Prefunding balance elected to use to offset funding requirement	2021-08-31	0
Additional cash requirement	2021-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2021-08-31	0
Unpaid minimum required contributions for current year	2021-08-31	0
Unpaid minimum required contributions for all years	2021-08-31	0
2020: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2020 401k membership
Market value of plan assets	2020-08-31	7,385,526
Acturial value of plan assets	2020-08-31	7,356,079
Funding target for retired participants and beneficiaries receiving payment	2020-08-31	1,223,157
Number of terminated vested participants	2020-08-31	29
Fundng target for terminated vested participants	2020-08-31	722,709
Active participant vested funding target	2020-08-31	3,930,705
Number of active participants	2020-08-31	63
Total funding liabilities for active participants	2020-08-31	4,110,828
Total participant count	2020-08-31	106
Total funding target for all participants	2020-08-31	6,056,694
Balance at beginning of prior year after applicable adjustments	2020-08-31	1,289
Prefunding balance at beginning of prior year after applicable adjustments	2020-08-31	532,340
Carryover balanced portion elected for use to offset prior years funding requirement	2020-08-31	0
Prefunding balanced used to offset prior years funding requirement	2020-08-31	0
Amount remaining of carryover balance	2020-08-31	1,289
Amount remaining of prefunding balance	2020-08-31	532,340
Present value of excess contributions	2020-08-31	591,935
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2020-08-31	626,741
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2020-08-31	0
Reductions in caryover balances due to elections or deemed elections	2020-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2020-08-31	0
Balance of carryovers at beginning of current year	2020-08-31	1,353
Balance of prefunding at beginning of current year	2020-08-31	558,851
Total employer contributions	2020-08-31	1,166,000
Total employee contributions	2020-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2020-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2020-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2020-08-31	1,079,763
Unpaid minimum required contributions for all prior years	2020-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2020-08-31	0
Remaining amount of unpaid minimum required contributions	2020-08-31	0
Minimum required contributions for current year target normal cost	2020-08-31	442,947
Net shortfall amortization installment of oustanding balance	2020-08-31	0
Waiver amortization installment	2020-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2020-08-31	0
Carryover balance elected to use to offset funding requirement	2020-08-31	0
Prefunding balance elected to use to offset funding requirement	2020-08-31	0
Additional cash requirement	2020-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2020-08-31	1,079,763
Unpaid minimum required contributions for current year	2020-08-31	0
Unpaid minimum required contributions for all years	2020-08-31	0
2019: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2019 401k membership
Market value of plan assets	2019-08-31	6,536,239
Acturial value of plan assets	2019-08-31	6,309,710
Funding target for retired participants and beneficiaries receiving payment	2019-08-31	719,289
Number of terminated vested participants	2019-08-31	26
Fundng target for terminated vested participants	2019-08-31	618,451
Active participant vested funding target	2019-08-31	3,597,519
Number of active participants	2019-08-31	66
Total funding liabilities for active participants	2019-08-31	3,766,544
Total participant count	2019-08-31	105
Total funding target for all participants	2019-08-31	5,104,284
Balance at beginning of prior year after applicable adjustments	2019-08-31	1,160
Prefunding balance at beginning of prior year after applicable adjustments	2019-08-31	479,240
Carryover balanced portion elected for use to offset prior years funding requirement	2019-08-31	0
Prefunding balanced used to offset prior years funding requirement	2019-08-31	0
Amount remaining of carryover balance	2019-08-31	1,160
Amount remaining of prefunding balance	2019-08-31	479,240
Present value of excess contributions	2019-08-31	338,351
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2019-08-31	358,957
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2019-08-31	0
Reductions in caryover balances due to elections or deemed elections	2019-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2019-08-31	0
Balance of carryovers at beginning of current year	2019-08-31	1,289
Balance of prefunding at beginning of current year	2019-08-31	532,340
Total employer contributions	2019-08-31	636,296
Total employee contributions	2019-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2019-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2019-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2019-08-31	591,935
Unpaid minimum required contributions for all prior years	2019-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2019-08-31	0
Remaining amount of unpaid minimum required contributions	2019-08-31	0
Minimum required contributions for current year target normal cost	2019-08-31	400,768
Net shortfall amortization installment of oustanding balance	2019-08-31	0
Waiver amortization installment	2019-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2019-08-31	0
Carryover balance elected to use to offset funding requirement	2019-08-31	0
Prefunding balance elected to use to offset funding requirement	2019-08-31	0
Additional cash requirement	2019-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2019-08-31	591,935
Unpaid minimum required contributions for current year	2019-08-31	0
Unpaid minimum required contributions for all years	2019-08-31	0
2018: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2018 401k membership
Market value of plan assets	2018-08-31	5,627,639
Acturial value of plan assets	2018-08-31	5,513,051
Funding target for retired participants and beneficiaries receiving payment	2018-08-31	524,798
Number of terminated vested participants	2018-08-31	22
Fundng target for terminated vested participants	2018-08-31	542,396
Active participant vested funding target	2018-08-31	3,066,122
Number of active participants	2018-08-31	64
Total funding liabilities for active participants	2018-08-31	3,252,198
Total participant count	2018-08-31	98
Total funding target for all participants	2018-08-31	4,319,392
Balance at beginning of prior year after applicable adjustments	2018-08-31	1,054
Prefunding balance at beginning of prior year after applicable adjustments	2018-08-31	435,475
Carryover balanced portion elected for use to offset prior years funding requirement	2018-08-31	0
Prefunding balanced used to offset prior years funding requirement	2018-08-31	0
Amount remaining of carryover balance	2018-08-31	1,054
Amount remaining of prefunding balance	2018-08-31	435,475
Present value of excess contributions	2018-08-31	321,806
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2018-08-31	342,015
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2018-08-31	0
Reductions in caryover balances due to elections or deemed elections	2018-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2018-08-31	0
Balance of carryovers at beginning of current year	2018-08-31	1,160
Balance of prefunding at beginning of current year	2018-08-31	479,240
Total employer contributions	2018-08-31	360,296
Total employee contributions	2018-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2018-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2018-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2018-08-31	338,351
Unpaid minimum required contributions for all prior years	2018-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2018-08-31	0
Remaining amount of unpaid minimum required contributions	2018-08-31	0
Minimum required contributions for current year target normal cost	2018-08-31	360,296
Net shortfall amortization installment of oustanding balance	2018-08-31	0
Waiver amortization installment	2018-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2018-08-31	0
Carryover balance elected to use to offset funding requirement	2018-08-31	0
Prefunding balance elected to use to offset funding requirement	2018-08-31	0
Additional cash requirement	2018-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2018-08-31	338,351
Unpaid minimum required contributions for current year	2018-08-31	0
Unpaid minimum required contributions for all years	2018-08-31	0
2017: IOWA SOYBEAN ASSOCIATION DEFINED BENEFIT PLAN 2017 401k membership
Market value of plan assets	2017-08-31	4,874,432
Acturial value of plan assets	2017-08-31	4,933,747
Funding target for retired participants and beneficiaries receiving payment	2017-08-31	529,279
Number of terminated vested participants	2017-08-31	19
Fundng target for terminated vested participants	2017-08-31	437,316
Active participant vested funding target	2017-08-31	2,492,517
Number of active participants	2017-08-31	67
Total funding liabilities for active participants	2017-08-31	2,679,104
Total participant count	2017-08-31	98
Total funding target for all participants	2017-08-31	3,645,699
Balance at beginning of prior year after applicable adjustments	2017-08-31	983
Prefunding balance at beginning of prior year after applicable adjustments	2017-08-31	406,265
Carryover balanced portion elected for use to offset prior years funding requirement	2017-08-31	0
Prefunding balanced used to offset prior years funding requirement	2017-08-31	0
Amount remaining of carryover balance	2017-08-31	983
Amount remaining of prefunding balance	2017-08-31	406,265
Present value of excess contributions	2017-08-31	280,707
Total available prior years excess cotributions available at beginning of current plan year to add to prefunding balance	2017-08-31	298,869
Total available prior years excess cotributions added at beginning of current plan year to add to prefunding balance	2017-08-31	0
Reductions in caryover balances due to elections or deemed elections	2017-08-31	0
Reductions in prefunding balances due to elections or deemed elections	2017-08-31	0
Balance of carryovers at beginning of current year	2017-08-31	1,054
Balance of prefunding at beginning of current year	2017-08-31	435,475
Total employer contributions	2017-08-31	342,587
Total employee contributions	2017-08-31	0
Contributions allocated toward unpaid minimum require contributions from prior years	2017-08-31	0
Contributions made to avoid restrictions adjusted to valuation date	2017-08-31	0
Contributions allocated toward minimum required contributions for current year adjusted to valuation date	2017-08-31	321,806
Unpaid minimum required contributions for all prior years	2017-08-31	0
iDiscounted employer contributions allocated toward unpaid minimum required contributions from prior years	2017-08-31	0
Remaining amount of unpaid minimum required contributions	2017-08-31	0
Minimum required contributions for current year target normal cost	2017-08-31	342,587
Net shortfall amortization installment of oustanding balance	2017-08-31	0
Waiver amortization installment	2017-08-31	0
Total funding amount beforereflecting carryover/prefunding balances	2017-08-31	0
Carryover balance elected to use to offset funding requirement	2017-08-31	0
Prefunding balance elected to use to offset funding requirement	2017-08-31	0
Additional cash requirement	2017-08-31	0
Contributions allocatedtoward minimum required contributions for current year	2017-08-31	321,806
Unpaid minimum required contributions for current year	2017-08-31	0
Unpaid minimum required contributions for all years	2017-08-31	0

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Company Name:	IOWA SOYBEAN ASSOCIATION
Employer identification number (EIN):	426127197
NAIC Classification:	115110

Jurisdiction of Incorporation:	Iowa Secretary of State Business Entities
Incorporation Date:	1964-12-16
Company Identification Number:	077143
Legal Registered Office Address:	801 GRAND AVE STE 3700 DES MOINES United States of America (USA) 50309