Retirement plan

DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473

Name: DANIELS FOODS, INC. - DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473 (2024) Form 5500
Creator: DANIELS FOODS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473, DANIELS FOODS, INC.

DANIELS FOODS, INC.EIN 39-0970377Plan #005PY 2024

P.O. BOX 810 - WALWORTH, WI 531840810262-275-0458

Other plans on this EIN

1 filing

#004Retirement-$4.0M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$792K

+14.9% from 2023

Total participants

+34.4% from 2023

Average account balance

$21,989

+2.2% from 2023

Annual return

14.10%

-13.94 pp from 2023

Benchmarks

See 9,332 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,332 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$792K

Not enough data

1 years with asset history on file

Average account balance

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

$22K

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.

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.

144.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1499

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3H3D2T

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$54K

$2159 / participant

Other / not subdivided$54K100.0%

% of EOY assets

6.817%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,989

$71,230-69.1%

$93,727-76.5%

$80,959-72.8%

Participation rate

72.0%

60.4%+11.6pp

68.7%+3.3pp

67.7%+4.3pp

Annual return

14.10%

11.26%+2.8pp

133.83%-119.7pp

35.67%-21.6pp

Employer contribution / active EE

$934

$1,565-40.3%

$2,421-61.4%

$2,757-66.1%

Participant deferral / active EE

$1,305

$4,037-67.7%

$4,417-70.5%

$4,300-69.6%

Admin fee / account holder

$1,499

$6,961-78.5%

$8,292-81.9%

$6,925-78.4%

DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANIELS FOODS, INC. 401K PLAN FOR MEMBERS OF UNITED FOOD & COMMERCIAL WORKERS UNION, LOCAL 1473

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