Retirement plan

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUN

Name: ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN - ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUN (2022) Form 5500
Creator: ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUN, ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLAN

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUNT PLANdba ROCHESTER DAIRY TEAMSTERS LOCAL 118EIN 16-6019488Plan #002PY 2022

130 METRO PARK - ROCHESTER, NY 146232610585-256-1350

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$21M

-4.7% from 2021

Total participants

213

-4.1% from 2021

Average account balance

$98,413

-6.5% from 2021

Annual return

2.60%

-38.65 pp from 2021

Benchmarks

See 936 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort936 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.50M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

279

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.

79.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+6.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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 6 by compensation

Provider	Service type	Compensation
HARTER SECREST & EMERY LLP1 year Filed as: HARTER SECREST AND EMERY LLP Service code 28 · EIN 16-0766172	Investment Management	$28,405
PRUDENTIAL RETIREMENT INSURANCE AND1 year Service code 13 · EIN 06-1050034	Contract Administrator	$20,455
SEAN HUCKO, CPA, LLC6 years Service code 10 · EIN 47-4215313	Accounting	$16,750
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS INC Service code 16	Consulting	$12,500
WESTMINSTER CONSULTING, LLC5 years Service code 28 · EIN 45-3679779	Investment Management	$12,500
MMA SECURITIES LLC7+ years Filed as: MARSH USA INC Service code 23 · EIN 36-1436000	Insurance services	$8,282

Plan features & details

Pension benefit codes2E2F2G2J2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all 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.
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.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$62K

$329 / participant

Investment mgmt$25K40.2%
Other / not subdivided$37K59.8%

% of EOY assets

0.297%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: STOKES, VISCA, HUCKO & BARONE, CPAS
Auditor EIN: 474215313
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$98,413

$50,199+96.0%

$69,890+40.8%

$66,949+47.0%

Participation rate

100.0%

66.3%+33.7pp

70.5%+29.5pp

69.8%+30.2pp

Annual return

2.60%

-13.85%+16.4pp

190.84%-188.2pp

1.57%+1.0pp

Employer contribution / active EE

$1,739

$1,864-6.7%

$2,560-32.1%

$2,545-31.7%

Participant deferral / active EE

$3,096

$3,112-0.5%

$3,848-19.6%

$4,239-27.0%

Admin fee / account holder

$292

$600-51.3%

$6,267-95.3%

$594-50.8%

Provider

Service type

Compensation

HARTER SECREST & EMERY LLP1 year

Filed as: HARTER SECREST AND EMERY LLP

Service code 28 · EIN 16-0766172

Investment Management

$28,405

PRUDENTIAL RETIREMENT INSURANCE AND1 year

Service code 13 · EIN 06-1050034

Contract Administrator

$20,455

SEAN HUCKO, CPA, LLC6 years

Service code 10 · EIN 47-4215313

Accounting

$16,750

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS INC

Service code 16

Consulting

$12,500

WESTMINSTER CONSULTING, LLC5 years

Service code 28 · EIN 45-3679779

Investment Management

$12,500

MMA SECURITIES LLC7+ years

Filed as: MARSH USA INC

Service code 23 · EIN 36-1436000

Insurance services

$8,282

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ROCHESTER DAIRY INDUSTRY INDIVIDUAL PENSION ACCOUN

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