Retirement plan

SUPERIOR DAIRY, INC. DAIRY UNION EMPLOYEES 401(K) SAVINGS PLAN

Name: SUPERIOR DAIRY, INC. - SUPERIOR DAIRY, INC. DAIRY UNION EMPLOYEES 401(K) SAVINGS PLAN (2018) Form 5500
Creator: SUPERIOR DAIRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUPERIOR DAIRY, INC. DAIRY UNION EMPLOYEES 401(K) SAVINGS PLAN, SUPERIOR DAIRY, INC.

SUPERIOR DAIRY, INC.EIN 34-0564691Plan #001PY 2018

4719 NAVARRE ROAD SW - CANTON, OH 44706330-478-7112superiordairy.comLinkedIn201-500 employeesfood production

Other plans on this EIN

1 filing

#005Retirement-$9.0M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.9M

+4.5% from 2017

Total participants

286

-9.8% from 2017

Average account balance

$59,115

-11.8% from 2017

Annual return

11.00%

-0.60 pp from 2017

Benchmarks

See 953 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort953 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.60M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

161

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.

46.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$674K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+4.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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 5 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$35,686
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 15 · EIN 26-4310632	Recordkeeping	$22,648
MORGAN STANLEY SMITH BARNEY1 year Service code 15 · EIN 26-4310844	Recordkeeping	$14,604
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN LLP Service code 15 · EIN 40-0746749	Recordkeeping	$2,000
ADP BROKER-DEALER3+ years Service code 49 · EIN 22-3319984	Other Services	$0

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

$70K

$298 / participant

Other / not subdivided$70K100.0%

% of EOY assets

0.541%

all-in expense ratio

Categories reported

0 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$59,115

$43,504+35.9%

$68,612-13.8%

$56,287+5.0%

Participation rate

70.9%

67.8%+3.1pp

72.2%-1.3pp

69.9%+1.1pp

Annual return

11.00%

-3.15%+14.2pp

-4.63%+15.6pp

-9.96%+21.0pp

Employer contribution / active EE

$1,406

$1,525-7.8%

$2,625-46.4%

$2,111-33.4%

Participant deferral / active EE

$2,013

$2,509-19.8%

$3,311-39.2%

$3,350-39.9%

Admin fee / account holder

$320

$515-37.9%

$5,131-93.8%

$521-38.6%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

$35,686

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 15 · EIN 26-4310632

Recordkeeping

$22,648

MORGAN STANLEY SMITH BARNEY1 year

Service code 15 · EIN 26-4310844

Recordkeeping

$14,604

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN LLP

Service code 15 · EIN 40-0746749

Recordkeeping

$2,000

ADP BROKER-DEALER3+ years

Service code 49 · EIN 22-3319984

Other Services

SUPERIOR DAIRY, INC. DAIRY UNION EMPLOYEES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUPERIOR DAIRY, INC. DAIRY UNION EMPLOYEES 401(K) 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