Retirement plan

BURNETT DAIRY CO-OP 401(K) PLAN

Name: BURNETT DAIRY CO-OP - BURNETT DAIRY CO-OP 401(K) PLAN (2023) Form 5500
Creator: BURNETT DAIRY CO-OP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BURNETT DAIRY CO-OP 401(K) PLAN, BURNETT DAIRY CO-OP

BURNETT DAIRY CO-OPEIN 39-1085908Plan #002PY 2023

11631 STATE ROAD 70 - GRANTSBURG, WI 54840715-689-2000LinkedIn11-50 employeesinformation technology and services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.8M

+21.8% from 2022

Total participants

299

+13.7% from 2022

Average account balance

$35,941

-6.4% from 2022

Annual return

19.23%

+32.70 pp from 2022

Benchmarks

See 938 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort938 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.32M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

314

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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
ALERUS FINANCIAL, N.A.1 year Filed as: ALERUS FINANCIAL NA Service code 15 · EIN 45-0140105	Recordkeeping	$25,870
CARLSON CAPITAL MANAGEMENT2 years Filed as: CARLSON CAPITAL MANAGEMENT LLC Service code 27 11 BRIDGE SQUARE · NORTHFIELD, MN 55057	Advisory (Plan)	$18,928

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$45K

$187 / participant

Recordkeeping$13K28.4%
Trustee / custodial$6K14.5%
Investment mgmt$5K11.6%
Contract admin$2K3.3%
Other / not subdivided$19K42.3%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARLSON SV
Auditor EIN: 411562398
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$35,941

$56,438-36.3%

$76,902-53.3%

$71,529-49.8%

Participation rate

88.7%

64.3%+24.4pp

69.6%+19.1pp

67.9%+20.8pp

Annual return

19.23%

19.05%+0.2pp

37.91%-18.7pp

28.97%-9.7pp

Employer contribution / active EE

$2,000

$1,864+7.3%

$2,534-21.1%

$2,590-22.8%

Participant deferral / active EE

$3,628

$3,136+15.7%

$3,833-5.4%

$4,291-15.5%

Admin fee / account holder

$165

$1,430-88.5%

$5,479-97.0%

$1,588-89.6%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Filed as: ALERUS FINANCIAL NA

Service code 15 · EIN 45-0140105

Recordkeeping

$25,870

CARLSON CAPITAL MANAGEMENT2 years

Filed as: CARLSON CAPITAL MANAGEMENT LLC

Service code 27

11 BRIDGE SQUARE · NORTHFIELD, MN 55057

Advisory (Plan)

$18,928

BURNETT DAIRY CO-OP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BURNETT DAIRY CO-OP 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