Retirement plan

DUTCH VALLEY FOOD DISTRIBUTORS, INC. 401(K) PLAN

Name: DUTCH VALLEY FOOD DISTRIBUTORS, INC. - DUTCH VALLEY FOOD DISTRIBUTORS, INC. 401(K) PLAN (2024) Form 5500
Creator: DUTCH VALLEY FOOD DISTRIBUTORS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DUTCH VALLEY FOOD DISTRIBUTORS, INC. 401(K) PLAN, DUTCH VALLEY FOOD DISTRIBUTORS, INC.

DUTCH VALLEY FOOD DISTRIBUTORS, INC.EIN 23-2172539Plan #001PY 2024

PO BOX 465, 7615 LANCASTER AVENUE - MYERSTOWN, PA 170670465717-933-4191dutchvalleyfoods.comLinkedIn201-500 employeeswholesale

Prospect flagsHigh feesLow participationLow employer contributionCorrective distributions

Top hat statement on fileNQDC

Filed November 12, 2021

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

7615 Lancaster Avenue

Myerstown, PA 17067

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (1)

Plan name not on file6 emp

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How to read this page

Total assets (EOY)

$25M

+17.8% from 2023

Total participants

380

-1.6% from 2023

Average account balance

$101,170

+18.8% from 2023

Annual return

15.95%

-0.08 pp from 2023

Benchmarks

See 1,406 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,406 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$24.99M

Not enough data

1 years with asset history on file

Average account balance

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

$101K

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.

247

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.

61.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

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

+15.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$341

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES5 years Filed as: RAYMOND JAMES FSA INC. Service code 26 · EIN 59-2937883	Advisory (Participants)	$45,406
PA RETIREMENT SOLUTIONS, INC.5 years Service code 13 · EIN 27-2487837 1110 N. MOUNTAIN RD · HARRISBURG, PA 17112	Contract Administrator	$24,195
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO. OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$13,974
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,707
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$66

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$84K

$244 / participant

Contract admin$84K100.0%

% of EOY assets

0.337%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MCKONLY & ASBURY
Auditor EIN: 231909723
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,170

$89,436+13.1%

$164,813-38.6%

$77,643+30.3%

Participation rate

61.4%

78.6%-17.2pp

70.6%-9.1pp

Annual return

15.95%

28.83%-12.9pp

69.93%-54.0pp

31.24%-15.3pp

Employer contribution / active EE

$816

$2,569-68.2%

$4,341-81.2%

$2,726-70.1%

Participant deferral / active EE

$4,033

$4,897-17.6%

$6,031-33.1%

$4,647-13.2%

Admin fee / account holder

$341

$339+0.4%

$12,690-97.3%

$430-20.8%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES5 years

Filed as: RAYMOND JAMES FSA INC.

Service code 26 · EIN 59-2937883

Advisory (Participants)

$45,406

PA RETIREMENT SOLUTIONS, INC.5 years

Service code 13 · EIN 27-2487837

1110 N. MOUNTAIN RD · HARRISBURG, PA 17112

Contract Administrator

$24,195

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO. OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$13,974

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,707

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$66

DUTCH VALLEY FOOD DISTRIBUTORS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUTCH VALLEY FOOD DISTRIBUTORS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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