Retirement plan

DUTCH GOLD HONEY, INC. PROFIT SHARING PLAN

Name: DUTCH GOLD HONEY, INC. - DUTCH GOLD HONEY, INC. PROFIT SHARING PLAN (2024) Form 5500
Creator: DUTCH GOLD HONEY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUTCH GOLD HONEY, INC. PROFIT SHARING PLAN, DUTCH GOLD HONEY, INC.

DUTCH GOLD HONEY, INC.EIN 23-1622894Plan #001PY 2024

2220 DUTCH GOLD LANE - LANCASTER, PA 17603717-393-1716LinkedIn51-200 employeesfood production

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25M

+5.5% from 2023

Total participants

128

+2.4% from 2023

Average account balance

$201,686

+3.0% from 2023

Annual return

14.00%

+3.36 pp from 2023

Benchmarks

See 940 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort940 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.62M

Not enough data

1 years with asset history on file

Average account balance

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

$187K

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.

121

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.

96.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+9.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$787

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
FULTON FINANCIAL ADVISORS2 years Filed as: FULTON BANK, N.A. Service code 15 · EIN 23-1928421	Recordkeeping	$79,914
RKL LLP1 year Service code 10 · EIN 23-2108173	Accounting	$14,191
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN NATIONAL LIFE INSURANCE CO Service code 22 · EIN 35-0472300	Insurance Broker	$890

Plan features & details

Pension benefit codes2E2G2F3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$95K

$913 / participant

Contract admin$95K100.0%

% of EOY assets

0.380%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL LLC CPA'S
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,686

$62,166+224.4%

$81,286+148.1%

$74,429+171.0%

Participation rate

96.2%

64.1%+32.1pp

69.5%+26.6pp

67.2%+28.9pp

Annual return

14.00%

16.50%-2.5pp

24.80%-10.8pp

1368.38%-1354.4pp

Employer contribution / active EE

$19,897

$1,881+957.8%

$2,463+707.9%

$2,625+658.0%

Participant deferral / active EE

$3,223-100.0%

$3,883-100.0%

$4,348-100.0%

Admin fee / account holder

$766

$1,925-60.2%

$5,764-86.7%

$1,944-60.6%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS2 years

Filed as: FULTON BANK, N.A.

Service code 15 · EIN 23-1928421

Recordkeeping

$79,914

RKL LLP1 year

Service code 10 · EIN 23-2108173

Accounting

$14,191

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN NATIONAL LIFE INSURANCE CO

Service code 22 · EIN 35-0472300

Insurance Broker

$890

DUTCH GOLD HONEY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUTCH GOLD HONEY, INC. 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