Retirement plan

DUTCH-AMERICAN FOODS, INC. 401(K) PLAN

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

DUTCH-AMERICAN FOODS, INC.EIN 36-3990078Plan #001PY 2024

1362 DUTCH AMERICAN WAY - BEECHER, IL 60401708-946-3000dutchamericanfoods.comLinkedIn201-500 employeesfood & beverages

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$9.9M

+33.8% from 2023

Total participants

264

+5.6% from 2023

Average account balance

$48,143

+34.4% from 2023

Annual return

24.93%

+20.10 pp from 2023

Benchmarks

See 941 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort941 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.87M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

205

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.

71.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$939K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+24.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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.3 years Service code 13 · EIN 27-2037969	Contract Administrator	$27,257
KAPTEIN DYKSTRA & COMPANY PC1 year Filed as: KAPTEIN, DYKSTRA & COMPANY, PC Service code 10 · EIN 38-2939866	Accounting	$10,500

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$42K

$202 / participant

Recordkeeping$4K9.4%
Trustee / custodial$4K10.4%
Contract admin$23K55.2%
Other / not subdivided$11K24.9%

% of EOY assets

0.427%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KAPTEIN, DYKSTRA, & COMPANY, P.C.
Auditor EIN: 382939866
Audit fees: $10,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,143

$62,164-22.6%

$81,482-40.9%

$74,400-35.3%

Participation rate

71.8%

64.1%+7.7pp

69.5%+2.3pp

67.2%+4.6pp

Annual return

24.93%

16.50%+8.4pp

24.79%+0.1pp

1367.51%-1342.6pp

Employer contribution / active EE

$1,787

$1,884-5.1%

$2,463-27.4%

$2,624-31.9%

Participant deferral / active EE

$2,707

$3,230-16.2%

$3,885-30.3%

$4,348-37.7%

Admin fee / account holder

$206

$1,923-89.3%

$5,761-96.4%

$1,944-89.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 13 · EIN 27-2037969

Contract Administrator

$27,257

KAPTEIN DYKSTRA & COMPANY PC1 year

Filed as: KAPTEIN, DYKSTRA & COMPANY, PC

Service code 10 · EIN 38-2939866

Accounting

$10,500

DUTCH-AMERICAN FOODS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DUTCH-AMERICAN FOODS, 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