Plan Ledger DOL Form 5500 · updated monthly

Suiza Dairy Corp.401(k)

PLAN DE PARTICIPACION DE GANANCIAS PARA LOS EMPLEADOS DE SUIZA DAIRY Y SUS AFILIADAS · SAN JUAN, PR · plan year 2023

Reported admin expense ratio · 2023
0.11%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Suiza Dairy Corp. reported $21,991 in plan administrative expenses for 2023: 0.11% of average plan assets, below the peer median. Employer contributions averaged $460 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 4 years on file its reported administrative ratio rose from 0.15% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 69th-largest of 323 plans among PR employers on file, and the 5,895th of 13,661 in manufacturing. In 2023, the employer put in $29.47 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$20,209,758
Participants with balances734
Active participants670
Employer contributions$308,490
Employee contributions$10,467
Employer contribution per active participant$460
Average account balance$27,534
Benefits paid to participants$2,011,639
Plan auditUnmodified (clean) audit opinion
AuditorRODRIGUEZ-SANABRIA & CO
Plan history4
Yearassets · accounts · employer contribution
2024$18.0M · 617 accts · $286K emplr
2023$20.2M · 734 accts · $308K emplr
2022$18.7M · 752 accts · $383K emplr
2020$19.9M · 757 accts · $349K emplr
The Suiza Dairy Corp. 401(k) match · 2023
Employer contribution per active participant$460
Median for plans this size$2,440
2024$1,008 per active participant
2023$460 per active participant
2022$572 per active participant
2020$510 per active participant

Suiza Dairy Corp.'s 2023 employer contribution ran below the $2,440 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
INDEPENDENT FINANCIAL GROUP LLC · Investment advisory (plan)$50,846
A & A EMPLOYEE BENEFITS CONSULTING · Contract administratorindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2024$80,427 · 0.42%
2023$21,991 · 0.11%
2022$25,205 · 0.12%
2020$29,448 · 0.15%
Similar plansManufacturing · PR
Bacardi Corporation PR$23.9M · 0.07%
Holsum de Puerto Rico, Inc. PR$22.8M · 0.04%
Auro Pr Inc. PR$20.6M · 0.29%
Henkel Puerto Rico, Inc. PR$20.0M · 0.09%
Combe Products Inc PR$15.0M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 660617827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.