Retirement plan

BYRNE DAIRY, INC. AND SONBYRNE SALES, INC. 401(K) PROFIT SHARING PLAN

Name: BYRNE DAIRY, INC. - BYRNE DAIRY, INC. AND SONBYRNE SALES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BYRNE DAIRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BYRNE DAIRY, INC. AND SONBYRNE SALES, INC. 401(K) PROFIT SHARING PLAN, BYRNE DAIRY, INC.

BYRNE DAIRY, INC.EIN 15-0258780Plan #005PY 2024

2394 US ROUTE 11 - LAFAYETTE, NY 13084315-350-4836LinkedIn11-50 employeessupermarkets

Prospect flagsLow assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$38.3M

+16.0% from 2023

Total participants

2,410

+0.9% from 2023

Average account balance

$17,318

+16.8% from 2023

Annual return

12.70%

-3.04 pp from 2023

Benchmarks

See 79 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort79 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$38.29M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$17K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,211

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.70%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$90

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$139,805
HAZARD & SIEGEL INC3 years Filed as: HAZARD & SIEGEL ADVISORY SERVICES L Service code 27 5793 WIDEWATERS PKWY · DEWITT, NY 13214	Advisory (Plan)	$42,030
WITHUMSMITH+BROWN, PC2 years Filed as: DERMODY BURKE & BROWN CPAS LLC Service code 10 443 N FRANKLIN ST · SYRACUSE, NY 13204	Accounting	$17,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$910

Plan features & details

Pension benefit codes2J2K2S2T3D3H

Plan features

2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$200K

$107 / participant

Recordkeeping$140K70.0%
Investment mgmt$43K21.5%
Other / not subdivided$17K8.5%

% of EOY assets

0.522%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BOWERS & COMPANY CPAS PLLC
Auditor EIN: 201317788
Audit fees: $17,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,318

$55,347-68.7%

$120,580-85.6%

$200,096-91.3%

Participation rate

89.4%

52.9%+36.5pp

72.0%+17.4pp

72.0%+17.3pp

Annual return

12.70%

15.37%-2.7pp

107.48%-94.8pp

34.26%-21.6pp

Employer contribution / active EE

$704

$1,296-45.7%

$3,469-79.7%

$3,038-76.8%

Participant deferral / active EE

$2,034

$2,350-13.5%

$4,995-59.3%

$5,090-60.0%

Admin fee / account holder

$90

$134-32.7%

$9,418-99.0%

$269-66.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$139,805

HAZARD & SIEGEL INC3 years

Filed as: HAZARD & SIEGEL ADVISORY SERVICES L

Service code 27

5793 WIDEWATERS PKWY · DEWITT, NY 13214

Advisory (Plan)

$42,030

WITHUMSMITH+BROWN, PC2 years

Filed as: DERMODY BURKE & BROWN CPAS LLC

Service code 10

443 N FRANKLIN ST · SYRACUSE, NY 13204

Accounting

$17,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$910

BYRNE DAIRY, INC. AND SONBYRNE SALES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BYRNE DAIRY, INC. AND SONBYRNE SALES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion