CREAM-O-LAND DAIRY, INC. 401(K) PLAN · FLORENCE, NJ · plan year 2024
Reported admin expense ratio · 2024
0.49%
Cream-O-Land Dairy, Inc. reported $55,499 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.57% to 0.49%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in New Jersey (1,402nd of 2,419), and 2,675th of 4,246 in wholesale trade.
Plan summary
Net assets, end of year$12,018,501
Participants with balances292
Active participants476
Employer contributions—
Employee contributions$706,099
Employer contribution per active participant—
Average account balance$41,159
Benefits paid to participants$388,469
Plan auditUnmodified (clean) audit opinion
AuditorHERBEIN & COMPANY, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$12.0M · 292 accts
2023$10.4M · 262 accts
2022$9.4M · 207 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,963
Investment management$27,264
Trustee / custodial$3,272
Total administrative$55,499
What these fees cost you
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Service providers · 20242
NEWPORT GROUP, INC. · Recordkeeping$24,962
HUNTINGTON NATIONAL BANK · Investment advisory (participants) · Investment advisory (plan)$27,264
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Source: U.S. Department of Labor, Form 5500 series, EIN 221436887 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.