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 (2022) 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 2022

245 TEX SIMONE DRIVE - SYRACUSE, NY 13206315-475-2121LinkedIn11-50 employeessupermarkets

Prospect flagsLow assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$26.9M

-9.6% from 2021

Total participants

2,103

0.0% from 2021

Average account balance

$13,242

-8.4% from 2021

Annual return

-12.68%

-25.12 pp from 2021

Benchmarks

See 76 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants1,000-4,999

Cohort76 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Service code 13 · EIN 06-1050034	Contract Administrator	$64,281
WILMINGTON TRUST2 years Filed as: WILMINGTON TRUST NATIONAL ASSOCIATI Service code 27 · EIN 16-1486454	Advisory (Plan)	$30,539
HAZARD & SIEGEL INC1 year Filed as: HAZARD & SIEGEL ADVISORY SERVICES L Service code 27 · EIN 20-0032740	Advisory (Plan)	$7,601
CROWN CAPITAL SECURITIES LP1 year Filed as: CROWN RISK MANAGEMENT Service code 16 · EIN 06-1050034	Consulting	$5,000
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2K2T2H2S3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.

Opportunity flags

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$109K

$67 / participant

Investment mgmt$38K35.1%
Contract admin$64K59.2%
Other / not subdivided$6K5.8%

% of EOY assets

0.404%

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: DERMODY , BURKE & BROWN CPAS, LLC
Auditor EIN: 010723685
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,242

$42,419-68.8%

$104,299-87.3%

$77,906-83.0%

Participation rate

95.7%

51.6%+44.1pp

73.3%+22.4pp

73.7%+22.0pp

Annual return

-12.68%

-11.16%-1.5pp

24.62%-37.3pp

12.16%-24.8pp

Employer contribution / active EE

$520

$1,105-52.9%

$3,373-84.6%

$2,846-81.7%

Participant deferral / active EE

$1,605

$1,992-19.4%

$4,626-65.3%

$4,805-66.6%

Admin fee / account holder

$53

$117-54.4%

$7,339-99.3%

$133-59.7%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$64,281

WILMINGTON TRUST2 years

Filed as: WILMINGTON TRUST NATIONAL ASSOCIATI

Service code 27 · EIN 16-1486454

Advisory (Plan)

$30,539

HAZARD & SIEGEL INC1 year

Filed as: HAZARD & SIEGEL ADVISORY SERVICES L

Service code 27 · EIN 20-0032740

Advisory (Plan)

$7,601

CROWN CAPITAL SECURITIES LP1 year

Filed as: CROWN RISK MANAGEMENT

Service code 16 · EIN 06-1050034

Consulting

$5,000

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

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