United Dairy Farmers, Inc. 401(k) Review & Grade
United Dairy Farmers, Inc. Incentive Savings Plan
Cincinnati, OHRetail Trade2,048 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$260Employer $ per active participant
$1,065Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$44.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost12.6 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 51th |
| Employee saving | 17th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $25,726 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- United Dairy Farmers put in about $260 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $532,046 |
| Participant (employee) contributions | $2,180,167 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $95,768 |
| Contract administrator fees | $91,768 |
| Other admin expenses | $4,000 |
| Benefits paid out | $4,026,156 |
| Net assets, start / end of year | $40.6M / $44.3M |
| Active participants, start / end of year | 1,946 / 2,150 |
| Participants with account balances | 628 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Sapper & Miller, LLC |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $95,811 reported compensation |
| World Investment Advisors, LLC | $42,574 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082137NAL0008636738001, received 2025-10-15, EIN 31-1361170, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.