Southeast Milk, Inc.401(k)
SOUTHEAST MILK INC. 401K PROFIT SHARING PLAN · BELLEVIEW, FL · plan year 2022
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Southeast Milk, Inc. reported $33,717 in plan administrative expenses for 2022: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,240 per active participant. 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 1 year on file its reported administrative ratio rose from 0.34% to 0.84%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Florida (1,995th of 3,644), and 512th of 945 in agriculture, forestry & fishing. In 2022, employees put in $1.98 for every $1.00 the employer contributed.
Southeast Milk, Inc.'s 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 590769519 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.