Retirement plan

PRAIRIE FARMS DAIRY, INC. THRIFT INCENTIVE PLAN

Name: PRAIRIE FARMS DAIRY, INC. - PRAIRIE FARMS DAIRY, INC. THRIFT INCENTIVE PLAN (2023) Form 5500
Creator: PRAIRIE FARMS DAIRY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRAIRIE FARMS DAIRY, INC. THRIFT INCENTIVE PLAN, PRAIRIE FARMS DAIRY, INC.

PRAIRIE FARMS DAIRY, INC.EIN 37-0811846Plan #007PY 2023

3744 STAUNTON RD - EDWARDSVILLE, IL 62025618-659-5700prairiefarms.comLinkedIn5001-10000 employeesdairy

Other plans on this EIN

3 filings

#012Retirement-$28.5M assets #009Retirement-$8.3M assets #014Retirement-$508K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$523.1M

+8.7% from 2022

Total participants

6,616

+30.9% from 2022

Average account balance

$95,530

-9.3% from 2022

Annual return

10.43%

+22.62 pp from 2022

Benchmarks

See 245 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort245 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$597.94M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

5,343

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.

74.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+17.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$1,316,684

Plan features & details

Pension benefit codes2E2K3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$285 / participant

Contract admin$1M100.0%

% of EOY assets

0.268%

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: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,530

$73,034+30.8%

$76,872+24.3%

$80,157+19.2%

Participation rate

76.8%

78.1%-1.3pp

69.6%+7.2pp

72.9%+3.9pp

Annual return

10.43%

18.56%-8.1pp

37.90%-27.5pp

40.39%-30.0pp

Employer contribution / active EE

$7,675

$2,779+176.2%

$2,533+202.9%

$2,977+157.8%

Participant deferral / active EE

$2,831

$4,140-31.6%

$3,832-26.1%

$5,015-43.5%

Admin fee / account holder

$256

$104+146.6%

$5,476-95.3%

$145+76.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$1,316,684

PRAIRIE FARMS DAIRY, INC. THRIFT INCENTIVE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRAIRIE FARMS DAIRY, INC. THRIFT INCENTIVE 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