Retirement plan

HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC RETIREMENT SAVINGS PLAN

Name: HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC - HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC RETIREMENT SAVINGS PLAN, HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC

HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLCEIN 32-0069084Plan #001PY 2021

345 E. 48TH ST. - HOLLAND, MI 494235381616-283-7339hudsonvilleicecream.comLinkedIn51-200 employeesfood & beverages

Prospect flagsHigh cashLow participation

How to read this page

Total assets (EOY)

$8.5M

+22.0% from 2020

Total participants

222

+73.4% from 2020

Average account balance

$88,016

+39.6% from 2020

Annual return

16.17%

-7.87 pp from 2020

Benchmarks

See 946 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort946 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.69M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

292

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$934

$4 / participant

Contract admin$934100.0%

% of EOY assets

0.011%

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: BDO USA , LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,016

$59,584+47.7%

$86,615+1.6%

$79,391+10.9%

Participation rate

40.2%

67.7%-27.5pp

71.6%-31.5pp

70.7%-30.5pp

Annual return

16.17%

23.15%-7.0pp

63.51%-47.3pp

116.88%-100.7pp

Employer contribution / active EE

$1,936

$1,768+9.5%

$2,496-22.4%

$2,428-20.3%

Participant deferral / active EE

$4,023

$3,036+32.5%

$3,699+8.8%

$4,046-0.6%

Admin fee / account holder

$10

$604-98.4%

$5,830-99.8%

$627-98.5%

HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUDSONVILLE CREAMERY AND ICE CREAM COMPANY, LLC RETIREMENT SAVINGS 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