Retirement plan

MILK SPECIALTIES COMPANY RETIREMENT PLAN

Name: MILK SPECIALTIES COMPANY - MILK SPECIALTIES COMPANY RETIREMENT PLAN (2019) Form 5500
Creator: MILK SPECIALTIES COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILK SPECIALTIES COMPANY RETIREMENT PLAN, MILK SPECIALTIES COMPANY

MILK SPECIALTIES COMPANYEIN 36-3452006Plan #002PY 2019

7500 FLYING CLOUD DRIVE, SUITE 500 - EDEN PRAIRIE, MN 55344952-942-7310milkspecialties.comLinkedIn501-1000 employeesdairy

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$37.7M

+26.5% from 2018

Total participants

1,171

+16.3% from 2018

Average account balance

$34,883

+3.3% from 2018

Annual return

24.86%

+30.82 pp from 2018

Benchmarks

See 691 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.64M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

1,691

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.

94.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.88M

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

+13.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 13 · EIN 27-2037969	Contract Administrator	$146,940
BRONFMAN E.L. ROTHSCHILD5+ years Service code 28 · EIN 39-1908691	Investment Management	$42,867

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D

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.
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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$190K

$232 / participant

Investment mgmt$43K22.5%
Contract admin$147K77.2%
Other / not subdivided$5630.3%

% of EOY assets

0.504%

all-in expense ratio

Categories reported

2 / 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: EIDE BAILY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,883

$55,790-37.5%

$76,667-54.5%

$67,582-48.4%

Participation rate

89.1%

71.1%+18.0pp

72.1%+17.0pp

71.3%+17.9pp

Annual return

24.86%

64.45%-39.6pp

1166.74%-1141.9pp

378.57%-353.7pp

Employer contribution / active EE

$2,621

$1,810+44.8%

$2,303+13.8%

$2,148+22.0%

Participant deferral / active EE

$3,793

$2,875+31.9%

$3,336+13.7%

$3,539+7.2%

Admin fee / account holder

$176

$159+10.6%

$6,423-97.3%

$142+23.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 13 · EIN 27-2037969

Contract Administrator

$146,940

BRONFMAN E.L. ROTHSCHILD5+ years

Service code 28 · EIN 39-1908691

Investment Management

$42,867

MILK SPECIALTIES COMPANY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILK SPECIALTIES COMPANY RETIREMENT 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