Retirement plan

MILK INDUSTRY MANAGEMENT CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN

Name: MILK INDUSTRY MANAGEMENT CORPORATION - MILK INDUSTRY MANAGEMENT CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN (2020) Form 5500
Creator: MILK INDUSTRY MANAGEMENT CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILK INDUSTRY MANAGEMENT CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN, MILK INDUSTRY MANAGEMENT CORPORATION

MILK INDUSTRY MANAGEMENT CORPORATIONEIN 23-1718524Plan #004PY 2020

FOUR MANHATTEN DRIVE - BURLINGTON, NJ 080164120609-699-2630LinkedIn201-500 employeesfood & beverages

Other plans on this EIN

1 filing

#003Retirement-$1.4M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.9M

+15.1% from 2019

Total participants

122

-2.4% from 2019

Average account balance

$115,756

+16.0% from 2019

Annual return

12.59%

-8.85 pp from 2019

Benchmarks

See 14,881 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,881 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.75M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

126

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.

80.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$840K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$31

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
ROYAL ALLIANCE ASSOCIATES INC2 years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 49 · EIN 93-0987232	Other Services	$5,744
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290	Contract Administrator	$2,342
PLAN ADVISORS, INC.4 years Service code 13 · EIN 59-1575461	Contract Administrator	$1,075

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

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

$3K

$54 / participant

Contract admin$3K100.0%

% of EOY assets

0.025%

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: KREISCHER MILLER
Auditor EIN: 231980475
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,756

$78,428+47.6%

$95,960+20.6%

$79,852+45.0%

Participation rate

96.9%

73.5%+23.4pp

77.1%+19.8pp

69.6%+27.3pp

Annual return

12.59%

19.37%-6.8pp

91.63%-79.0pp

31.72%-19.1pp

Employer contribution / active EE

$4,559

$1,945+134.4%

$2,541+79.4%

$2,471+84.5%

Participant deferral / active EE

$7,308

$3,440+112.4%

$4,167+75.4%

$3,740+95.4%

Admin fee / account holder

$29

$5,622-99.5%

$6,797-99.6%

$5,306-99.5%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC2 years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 49 · EIN 93-0987232

Other Services

$5,744

PRINCIPAL LIFE INSURANCE COMPANY6+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,342

PLAN ADVISORS, INC.4 years

Service code 13 · EIN 59-1575461

Contract Administrator

$1,075

MILK INDUSTRY MANAGEMENT CORPORATION CASH OR DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILK INDUSTRY MANAGEMENT CORPORATION CASH OR DEFERRED 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