Retirement plan

CLOVER FARMS DAIRY COMPANY UNION EMPLOYEES 4O1(K) PLAN

Name: CLOVER FARMS DAIRY LLC - CLOVER FARMS DAIRY COMPANY UNION EMPLOYEES 4O1(K) PLAN (2024) Form 5500
Creator: CLOVER FARMS DAIRY LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLOVER FARMS DAIRY COMPANY UNION EMPLOYEES 4O1(K) PLAN, CLOVER FARMS DAIRY LLC

CLOVER FARMS DAIRY LLCEIN 92-1062793Plan #002PY 2024

3300 POTTSVILLE PIKE, P O BOX 14627 - READING, PA 19612610-921-9111

Other plans on this EIN

1 filing

#001Retirement-$3.4M assets

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$7M

+15.9% from 2023

Total participants

285

-2.4% from 2023

Average account balance

$25,166

+19.6% from 2023

Annual return

9.09%

-5.28 pp from 2023

Benchmarks

See 942 peers

Peer group

Industry31 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort942 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.05M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

280

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$667K

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

+9.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$202

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
ASCENSUS LLC3+ years Service code 15 · EIN 11-3665754	Recordkeeping	$31,975
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 27 · EIN 13-5674085	Advisory (Plan)	$24,446

Plan features & details

Pension benefit codes2E3D2G2J2F2T

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.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$56K

$256 / participant

Investment mgmt$24K43.3%
Contract admin$32K56.7%

% of EOY assets

0.801%

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: HERBEIN AND COMPANY
Auditor EIN: 232415973
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$25,166

$62,146-59.5%

$81,438-69.1%

$74,546-66.2%

Participation rate

97.7%

64.1%+33.7pp

69.5%+28.2pp

67.2%+30.5pp

Annual return

9.09%

16.49%-7.4pp

24.74%-15.7pp

1366.03%-1356.9pp

Employer contribution / active EE

$1,786

$1,883-5.1%

$2,460-27.4%

$2,624-31.9%

Participant deferral / active EE

$1,245

$3,229-61.4%

$3,883-67.9%

$4,347-71.4%

Admin fee / account holder

$202

$1,922-89.5%

$5,764-96.5%

$1,944-89.6%

Provider

Service type

Compensation

ASCENSUS LLC3+ years

Service code 15 · EIN 11-3665754

Recordkeeping

$31,975

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH RETIREMENT & BENEFIT

Service code 27 · EIN 13-5674085

Advisory (Plan)

$24,446

CLOVER FARMS DAIRY COMPANY UNION EMPLOYEES 4O1(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLOVER FARMS DAIRY COMPANY UNION EMPLOYEES 4O1(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