Retirement plan

CHELSEA MILLING COMPANY, CHELSEA MILLING DIVISION, DEFINED CONTRIBUTION PLAN

Name: CHELSEA MILLING COMPANY - CHELSEA MILLING COMPANY, CHELSEA MILLING DIVISION, DEFINED CONTRIBUTION PLAN (2024) Form 5500
Creator: CHELSEA MILLING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHELSEA MILLING COMPANY, CHELSEA MILLING DIVISION, DEFINED CONTRIBUTION PLAN, CHELSEA MILLING COMPANY

CHELSEA MILLING COMPANYEIN 38-0415770Plan #001PY 2024

201 WEST NORTH STREET - CHELSEA, MI 48118734-475-1361jiffymix.comLinkedIn201-500 employeesfood production

Other plans on this EIN

1 filing

#002Retirement-$764K assets

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$49.8M

+6.6% from 2023

Total participants

401

0.0% from 2023

Average account balance

$124,780

+6.0% from 2023

Annual return

11.93%

-2.55 pp from 2023

Benchmarks

See 744 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort744 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.79M

Not enough data

1 years with asset history on file

Average account balance

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

$125K

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.

399

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.

99.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+11.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS10+ years Service code 12 · EIN 13-3689044	Participant loan processing; Recordke...	$33,895
CAPFINANCIAL PARTNERS LLC6 years Filed as: CAPTRUST LLC Service code 27 · EIN 20-2714559	Advisory (Plan)	$20,000
DOEREN MAYHEW1 year Filed as: DOEREN MAYHEW ASSURANCE Service code 10 · EIN 38-2492570	Accounting	$13,170
NATIONAL FINANCIAL SERVICES10+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2F2G2J2S2T3D3H

Plan features

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.
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

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

Expense breakdown

Schedule H Part II

Admin total

$67K

$196 / participant

Recordkeeping$34K50.5%
Investment mgmt$20K29.8%
Other / not subdivided$13K19.6%

% of EOY assets

0.135%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: $13,170
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$124,780

$66,459+87.8%

$81,353+53.4%

$77,736+60.5%

Participation rate

99.4%

68.7%+30.7pp

69.5%+29.9pp

70.6%+28.8pp

Annual return

11.93%

15.95%-4.0pp

24.82%-12.9pp

31.26%-19.3pp

Employer contribution / active EE

$2,657

$2,156+23.2%

$2,464+7.8%

$2,728-2.6%

Participant deferral / active EE

$5,968

$3,674+62.4%

$3,885+53.6%

$4,651+28.3%

Admin fee / account holder

$168

$585-71.3%

$5,766-97.1%

$433-61.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS10+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Recordke...

$33,895

CAPFINANCIAL PARTNERS LLC6 years

Filed as: CAPTRUST LLC

Service code 27 · EIN 20-2714559

Advisory (Plan)

$20,000

DOEREN MAYHEW1 year

Filed as: DOEREN MAYHEW ASSURANCE

Service code 10 · EIN 38-2492570

Accounting

$13,170

NATIONAL FINANCIAL SERVICES10+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

CHELSEA MILLING COMPANY, CHELSEA MILLING DIVISION, DEFINED CONTRIBUTION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHELSEA MILLING COMPANY, CHELSEA MILLING DIVISION, DEFINED CONTRIBUTION 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