Retirement plan

MILK SOURCE COMPANIES RETIREMENT PLAN

Name: MILK SOURCE, LLC - MILK SOURCE COMPANIES RETIREMENT PLAN (2019) Form 5500
Creator: MILK SOURCE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILK SOURCE COMPANIES RETIREMENT PLAN, MILK SOURCE, LLC

MILK SOURCE, LLCEIN 39-1954636Plan #001PY 2019

N3569 VANDEN BOSCH RD - KAUKAUNA, WI 54130920-766-5335milksource.comLinkedIn501-1000 employeesdairy

Prospect flagsLow participationLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.7M

+24.7% from 2018

Total participants

636

-4.8% from 2018

Average account balance

$55,013

+27.7% from 2018

Annual return

24.44%

+32.91 pp from 2018

Benchmarks

See 252 peers

Peer group

Industry11 - Agriculture, Forestry, Fishing and Hunting

Plan typeDefined contribution

Participants250-999

Cohort252 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.60M

Not enough data

1 years with asset history on file

Average account balance

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

$85K

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.

137

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.

24.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$338

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
EDWARD JONES5+ years Service code 27 · EIN 43-0345811	Advisory (Plan)	$16,674
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$4,949
PRINCIPAL LIFE INSURANCE COMPANY5+ years Filed as: PRINCIPAL LIFE INS CO Service code 13 · EIN 42-0127290	Contract Administrator	$3,527
ADP BROKER-DEALER5+ years Filed as: PENSION CONSULTANTS CO., INC. Service code 15 · EIN 39-1894140	Recordkeeping	$300
MESIROW FINANCIAL INVESTMENT MANAGE1 year Filed as: MESIROW FINANCIAL, INC. Service code 27 · EIN 36-3194849	Advisory (Plan)	$222
LPL FINANCIAL1 year Service code 22 · EIN 95-2834236	Insurance Broker	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Filed as: WILSHIRE ASSOCIATES INC Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
WILSHIRE ASSOCIATES INCORPORATED5+ years Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$9K

$15 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.136%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,013

$124,414-55.8%

$115,170-52.2%

$67,579-18.6%

Participation rate

17.5%

58.1%-40.6pp

75.9%-58.4pp

71.3%-53.8pp

Annual return

24.44%

29.40%-5.0pp

35.60%-11.2pp

378.56%-354.1pp

Employer contribution / active EE

$510

$1,454-64.9%

$3,179-84.0%

$2,148-76.2%

Participant deferral / active EE

$949

$2,331-59.3%

$4,169-77.2%

$3,539-73.2%

Admin fee / account holder

$75

$361-79.3%

$7,089-98.9%

$142-47.5%

Provider

Service type

Compensation

EDWARD JONES5+ years

Service code 27 · EIN 43-0345811

Advisory (Plan)

$16,674

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$4,949

PRINCIPAL LIFE INSURANCE COMPANY5+ years

Filed as: PRINCIPAL LIFE INS CO

Service code 13 · EIN 42-0127290

Contract Administrator

$3,527

ADP BROKER-DEALER5+ years

Filed as: PENSION CONSULTANTS CO., INC.

Service code 15 · EIN 39-1894140

Recordkeeping

$300

MESIROW FINANCIAL INVESTMENT MANAGE1 year

Filed as: MESIROW FINANCIAL, INC.

Service code 27 · EIN 36-3194849

Advisory (Plan)

$222

LPL FINANCIAL1 year

Service code 22 · EIN 95-2834236

Insurance Broker

WILSHIRE ASSOCIATES INCORPORATED5+ years

Filed as: WILSHIRE ASSOCIATES INC

Service code 27 · EIN 95-2755361

Advisory (Plan)

WILSHIRE ASSOCIATES INCORPORATED5+ years

Service code 27

Advisory (Plan)

MILK SOURCE COMPANIES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILK SOURCE COMPANIES RETIREMENT 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