Retirement plan

UNITED DAIRY, INC. 401(K) PLAN

Name: UNITED DAIRY, INC. - UNITED DAIRY, INC. 401(K) PLAN (2021) Form 5500
Creator: UNITED DAIRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNITED DAIRY, INC. 401(K) PLAN, UNITED DAIRY, INC.

UNITED DAIRY, INC.EIN 34-1141090Plan #003PY 2021

300 NORTH 5TH STREET - MARTINS FERRY, OH 43935740-633-1451drinkunited.comLinkedIn51-200 employeesfood production

Other plans on this EIN

1 filing

#002Retirement-$1.8M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.2M

+8.5% from 2020

Total participants

133

+10.8% from 2020

Average account balance

$85,702

+3.1% from 2020

Annual return

10.27%

-6.41 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

$11.74M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

146

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$726K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$117

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
SUMMIT FINANCIAL GROUP INC2 years Service code 27 200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245	Advisory (Plan)	$11,166
CETERA ADVISOR NETWORKS LLC1 year Service code 27 2301 ROSECRANS AVE #5100 · EL SEGUNDO, CA 902455670	Advisory (Plan)	$3,887
JPMORGAN INVEST HOLDINGS LLC3 years Service code 64 · EIN 13-2624428	Recordkeeping Fees	$790

Plan features & details

Pension benefit codes2E2F2G2J2S2T3B3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$16K

$147 / participant

Contract admin$16K100.0%

% of EOY assets

0.155%

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: HERBEIN AND COMPANY
Auditor EIN: 232415973
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,702

$59,584+43.8%

$86,615-1.1%

$79,391+7.9%

Participation rate

87.0%

67.7%+19.4pp

71.6%+15.4pp

70.7%+16.3pp

Annual return

10.27%

23.15%-12.9pp

63.51%-53.2pp

116.88%-106.6pp

Employer contribution / active EE

$2,097

$1,768+18.6%

$2,496-16.0%

$2,428-13.6%

Participant deferral / active EE

$3,261

$3,036+7.4%

$3,699-11.9%

$4,046-19.4%

Admin fee / account holder

$133

$604-78.0%

$5,830-97.7%

$627-78.8%

Provider

Service type

Compensation

SUMMIT FINANCIAL GROUP INC2 years

Service code 27

200 N PACIFIC COAST HWY · EL SEGUNDO, CA 90245

Advisory (Plan)

$11,166

CETERA ADVISOR NETWORKS LLC1 year

Service code 27

2301 ROSECRANS AVE #5100 · EL SEGUNDO, CA 902455670

Advisory (Plan)

$3,887

JPMORGAN INVEST HOLDINGS LLC3 years

Service code 64 · EIN 13-2624428

Recordkeeping Fees

$790

UNITED DAIRY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNITED DAIRY, INC. 401(K) 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