The Restated Noncontributory Retirement Plan For Cooperatives — Form 5500 plan (Nexus Cooperative)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, The Restated Noncontributory Retirement Plan For Cooperatives is a benefit plan reported by Nexus Cooperative under EIN 42-0243960 and plan number 020. The latest loaded filing year is 2023. The filing reports 440 participants and $39,016,225 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Nexus Cooperative
- EIN
- 42-0243960
- Plan number
- 020
- Plan type
- 2
- Location
- Charles City, IA
- Latest filing year
- 2023
- Participants
- 440
- End-of-year plan assets
- $39,016,225
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 440 | H, C | 20250115140728NAL0021791649001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $39,016,225
- Total liabilities (EOY)
- $12,674
- Net assets (EOY)
- $39,003,551
- Net assets (BOY)
- $23,148,750
Income & contributions
- Employer contributions
- $399,000
- Total contributions
- $399,000
- Total income / additions
- $3,226,976
Expenses & distributions
- Benefits paid
- $1,786,942
- Administrative expenses
- $192,540
- Total expenses
- $1,979,482
- Net increase / (decrease)
- $1,247,494
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Financial Group | NONE | $20,580 | not reported in the loaded dataset | 2023 |
| Mercer | NONE | $7,508 | not reported in the loaded dataset | 2023 |