401k Plan data: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN plan

UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 401k Plan overview

Plan Name	UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN
Plan identification number	001

UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.

401k Sponsoring company profile

UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION has sponsored the creation of one or more 401k plans.

Company Name: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION

Employer identification number (EIN): 010603348

NAIC Classification: 115110

Form 5500 Filing Information

Submission information for form 5500 for 401k plan UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2011-01-01 RONALD KNAUST RONALD KNAUST 2012-10-11
001 2010-01-01 RONALD KNAUST RONALD KNAUST 2011-10-17
001 2009-01-01 RONALD KNAUST RONALD KNAUST 2010-10-15

Plan id#	Filing Submission Date	Name of Administrator	Name of Company Sponsor	Date Sponsor Signed
001	2011-01-01	RONALD KNAUST	RONALD KNAUST	2012-10-11
001	2010-01-01	RONALD KNAUST	RONALD KNAUST	2011-10-17
001	2009-01-01	RONALD KNAUST	RONALD KNAUST	2010-10-15

Plan Statistics for UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN

401k plan membership statisitcs for UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN

Measure Date Value
2011: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 200
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 0
Total of all active and inactive participants 2011-01-01 0
Total participants 2011-01-01 0
Number of participants with account balances 2011-01-01 0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 3
2010: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2010 401k membership
Total participants, beginning-of-year 2010-01-01 225
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 189
Number of other retired or separated participants entitled to future benefits 2010-01-01 23
Total of all active and inactive participants 2010-01-01 212
Total participants 2010-01-01 212
Number of participants with account balances 2010-01-01 201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 8
2009: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 234
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 190
Number of other retired or separated participants entitled to future benefits 2009-01-01 29
Total of all active and inactive participants 2009-01-01 219
Total participants 2009-01-01 219
Number of participants with account balances 2009-01-01 209
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 1

Measure	Date	Value
2011: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	200
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	0
Total of all active and inactive participants	2011-01-01	0
Total participants	2011-01-01	0
Number of participants with account balances	2011-01-01	0
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	3
2010: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2010 401k membership
Total participants, beginning-of-year	2010-01-01	225
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	189
Number of other retired or separated participants entitled to future benefits	2010-01-01	23
Total of all active and inactive participants	2010-01-01	212
Total participants	2010-01-01	212
Number of participants with account balances	2010-01-01	201
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	8
2009: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	234
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	190
Number of other retired or separated participants entitled to future benefits	2009-01-01	29
Total of all active and inactive participants	2009-01-01	219
Total participants	2009-01-01	219
Number of participants with account balances	2009-01-01	209
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	1

Financial Data on UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN

Measure	Date	Value
2011 : UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2011 401k financial data
Total transfer of assets from this plan	2011-12-31	$12,730,398
Total income from all sources (including contributions)	2011-12-31	$974,780
Total of all expenses incurred	2011-12-31	$354,370
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$301,543
Value of total corrective distributions	2011-12-31	$155
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$1,098,682
Value of total assets at end of year	2011-12-31	$0
Value of total assets at beginning of year	2011-12-31	$12,109,988
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$52,672
Total interest from all sources	2011-12-31	$14,464
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$239,100
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$239,100
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$500,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$738,309
Participant contributions at end of year	2011-12-31	$0
Participant contributions at beginning of year	2011-12-31	$284,526
Participant contributions at end of year	2011-12-31	$0
Participant contributions at beginning of year	2011-12-31	$13,019
Administrative expenses (other) incurred	2011-12-31	$52,672
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$620,410
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$0
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$12,109,988
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$0
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$11,225,662
Interest on participant loans	2011-12-31	$14,464
Value of interest in common/collective trusts at end of year	2011-12-31	$0
Value of interest in common/collective trusts at beginning of year	2011-12-31	$576,344
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$2,135
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$2,135
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-385,100
Net investment gain or loss from common/collective trusts	2011-12-31	$7,634
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$360,373
Employer contributions (assets) at end of year	2011-12-31	$0
Employer contributions (assets) at beginning of year	2011-12-31	$8,302
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$301,543
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	BRADY, MARTZ & ASSOCIATES, P.C.
Accountancy firm EIN	2011-12-31	450310328
2010 : UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$2,426,174
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$495,041
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$441,508
Value of total corrective distributions	2010-12-31	$3,006
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$1,052,422
Value of total assets at end of year	2010-12-31	$12,109,988
Value of total assets at beginning of year	2010-12-31	$10,178,855
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$50,527
Total interest from all sources	2010-12-31	$10,834
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$180,509
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$180,509
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$500,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$684,756
Participant contributions at end of year	2010-12-31	$284,526
Participant contributions at beginning of year	2010-12-31	$142,593
Participant contributions at end of year	2010-12-31	$13,019
Participant contributions at beginning of year	2010-12-31	$13,659
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$6,352
Administrative expenses (other) incurred	2010-12-31	$50,527
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$1,931,133
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$12,109,988
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$10,178,855
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$11,225,662
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$9,391,044
Interest on participant loans	2010-12-31	$10,833
Value of interest in common/collective trusts at end of year	2010-12-31	$576,344
Value of interest in common/collective trusts at beginning of year	2010-12-31	$622,377
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$2,135
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$620
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$620
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$1
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$1,171,819
Net investment gain or loss from common/collective trusts	2010-12-31	$10,590
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$361,314
Employer contributions (assets) at end of year	2010-12-31	$8,302
Employer contributions (assets) at beginning of year	2010-12-31	$8,562
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$441,508
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	Yes
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	BRADY, MARTZ & ASSOCIATES, P.C.
Accountancy firm EIN	2010-12-31	450310328

Form 5500 Responses for UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN

2011: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	Yes
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION 401(K) PS PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	UPPER MIDWEST GRAIN ELEVATORS BENEFIT ASSOCIATION
Employer identification number (EIN):	010603348
NAIC Classification:	115110