Retirement plan

HERITAGE'S DAIRY STORES, INC. 401(K) SALARY REDUCTION PLAN & TRUST

Name: HERITAGE'S DAIRY STORES, INC. - HERITAGE'S DAIRY STORES, INC. 401(K) SALARY REDUCTION PLAN & TRUST (2024) Form 5500
Creator: HERITAGE'S DAIRY STORES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERITAGE'S DAIRY STORES, INC. 401(K) SALARY REDUCTION PLAN & TRUST, HERITAGE'S DAIRY STORES, INC.

HERITAGE'S DAIRY STORES, INC.EIN 21-0717632Plan #001PY 2024

376 JESSUP ROAD - THOROFARE, NJ 080862130856-845-2855heritages.comLinkedIn501-1000 employeesretail

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.7M

+15.9% from 2023

Total participants

174

-28.7% from 2023

Average account balance

$43,686

+11.3% from 2023

Annual return

11.74%

-4.01 pp from 2023

Benchmarks

See 939 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort939 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.73M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

154

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.

85.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$535K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$325

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 3 by compensation

Provider	Service type	Compensation
SUMMIT GROUP RETIREMENT PLANNERS7 years Service code 27 · EIN 46-4198717	Advisory (Plan)	$20,198
FIDELITY INVESTMENTS INSTITUTIONAL9 years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$18,727
WILLIAM E HOWE8 years Service code 10 · EIN 23-1682016	Accounting	$9,685

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$50K

$371 / participant

Recordkeeping$19K37.4%
Investment mgmt$20K40.3%
Other / not subdivided$11K22.3%

% of EOY assets

0.745%

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: BARSZ GOWIE AMON FULTZ LLC
Auditor EIN: 821813978
Audit fees: $9,685
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,686

$62,177-29.7%

$81,370-46.3%

$74,478-41.3%

Participation rate

85.2%

64.1%+21.1pp

69.5%+15.6pp

67.2%+18.0pp

Annual return

11.74%

16.62%-4.9pp

24.85%-13.1pp

1370.56%-1358.8pp

Employer contribution / active EE

$1,587

$1,881-15.7%

$2,464-35.6%

$2,626-39.6%

Participant deferral / active EE

$2,373

$3,219-26.3%

$3,885-38.9%

$4,350-45.5%

Admin fee / account holder

$325

$1,927-83.1%

$5,749-94.3%

$1,946-83.3%

Provider

Service type

Compensation

SUMMIT GROUP RETIREMENT PLANNERS7 years

Service code 27 · EIN 46-4198717

Advisory (Plan)

$20,198

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$18,727

WILLIAM E HOWE8 years

Service code 10 · EIN 23-1682016

Accounting

$9,685

HERITAGE'S DAIRY STORES, INC. 401(K) SALARY REDUCTION PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERITAGE'S DAIRY STORES, INC. 401(K) SALARY REDUCTION PLAN & TRUST

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