New York › Manufacturing › 100 to 249 participants
Form 5500 statement · plan year 1 Apr 2022 to 31 Mar 2023
Rochester Dairy Industry Individual Pension
Sponsored by Roc Dairy Teamsters Local 118, Rochester, NY
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. Form 5500 contains no individual account balances. Look up the original filing at EFAST2.
In the plan year ending 31 Mar 2023, Rochester Dairy Industry Individual Pension covered 247 participants and held $18.5M in net assets. The plan is a 401(k) plan sponsored by Roc Dairy Teamsters Local 118 of Rochester, New York. It is a multiemployer plan, maintained under collective bargaining agreements with more than one employer.
Net assets came to $58,002 per participant in plan year 2024, above the $48,746 median for defined contribution plans with 250 to 499 participants and below the $62,303 median for defined contribution plans in manufacturing. The figure is an average across everyone in the plan, including former employees with small balances; Form 5500 holds no individual account data.
The employer contributed $324K during the year, or $1,487 per active participant against a same-size median of $2,017; participants contributed $647K. Benefits paid out totalled $2.4M.
Schedule C lists 6 service provider organisations paid $5,000 or more, with reported compensation of $73K: $295 per participant, well above the same-size median of $141. Administrative expenses charged to the plan were $90K. Schedule C does not capture every cost: fees netted from fund returns and fees the employer pays directly are outside it.
Across the filings on record, net assets went from $9.0M in 2009 to $18.5M in 2025 (up 107%), and participants from 194 to 247 (up 27%).
The independent accountant's opinion on the financial statements was unmodified (unqualified), from an audit whose scope was limited under ERISA section 103(a)(3)(C) to exclude investment information certified by a bank or insurer.
Compared with similar plans
| Measure, plan year 2024 | This plan | Same size | Same industry | All US DC plans |
|---|---|---|---|---|
| Net assets per participant | $58,002 | $48,746 | $62,303 | $53,102 |
| Employer contributions per active participant | $1,504 | $2,017 | $2,187 | $2,175 |
| Schedule C compensation per participant | $298 | $141 | $136 | $123 |
| Schedule C compensation, share of net assets | 0.52% | 0.30% | 0.24% | 0.26% |
| Administrative expenses per participant | $299 | $133 | $131 | $116 |
Peer columns are medians for plan year 2024 across defined contribution plans with 100 or more participants: 250 to 499 participants (17,456 plans), manufacturing (11,377) and all US plans (63,460). Fee medians cover plans that report an amount.
Trend by plan year
| Plan year | Participants | Net assets | Per participant | Employer contributions | Participant contributions | Schedule C compensation |
|---|---|---|---|---|---|---|
| 2025 | 247 | $18.5M | $75,000 | $324K | $647K | $73K |
| 2024 | 336 | $19.5M | $58,003 | $417K | $844K | $100K |
| 2023 | 259 | $19.5M | $75,293 | $369K | $730K | $82K |
| 2021 | 213 | $21.0M | $98,376 | $329K | $585K | $82K |
| 2020 | 222 | $21.9M | $98,851 | $338K | $536K | $117K |
| 2019 | 224 | $16.1M | $72,098 | $345K | $570K | $81K |
| 2018 | 200 | $17.3M | $86,515 | $367K | $517K | $77K |
| 2017 | 204 | $17.2M | $84,098 | $352K | $468K | $67K |
| 2016 | 185 | $15.0M | $80,957 | $339K | $445K | $85K |
| 2015 | 176 | $14.0M | $79,574 | $334K | $471K | $44K |
| 2014 | 181 | $14.8M | $81,580 | $332K | $438K | $75K |
| 2013 | 172 | $13.4M | $78,174 | $323K | $400K | $75K |
| 2012 | 179 | $12.1M | $67,380 | $334K | $409K | $69K |
| 2011 | 180 | $10.8M | $59,767 | $317K | $418K | $62K |
| 2010 | 195 | $10.3M | $52,928 | $292K | $402K | $62K |
| 2009 | 194 | $9.0M | $46,149 | $295K | $390K | $59K |
Years in which the plan filed the full Form 5500 with 100 or more participants, from 2009. Plan year is the year in which the plan year began.
Statement for the year
- Net assets, beginning of year$20,953,614
- Employer contributions$324,067
- Participant contributions$647,018
- Rollovers and other contributions—
- Total contributions$971,085
- Total income, including investment results$52,311
- Benefits paid$2,379,554
- Administrative expenses$90,067
- Total expenses$2,480,861
- Net income−$2,428,550
- Net transfers$0
- Net assets, end of year$18,525,064
Participants
- Active participants218
- Retired or separated, receiving benefits1
- Retired or separated, entitled to future benefits28
- Participants with account balances247
- Total participants, end of year247
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Prudential Retirement Insurance and | Contract Administrator; Recordkeeping and information management | $28,065 | $0 |
| One Digital Topco LLC | Investment advisory (plan); Investment management | $12,500 | $0 |
| Harter Secrest & Emery LLP | Legal | $11,756 | $0 |
| Marsh USA Inc. | Insurance services | $8,058 | $0 |
| Resources Investment Advisors Inc. | Investment management | $6,250 | $0 |
| Resources Investment Advisors LLC | Investment management | $6,250 | $0 |
Schedule C, Part I line 2: providers that received $5,000 or more, with the form's own service codes. Individuals named on Schedule C (plan employees, individual trustees) are never shown and their compensation is excluded. Eligible indirect compensation disclosed by formula carries no dollar amount. See how to read Schedule C fees.
Administrative expenses on Schedule H
- Investment advisory and management fees$28,574
- Salaries and allowances$28,432
- Contract administrator fees$25,000
- Other administrative expenses$8,061
- Total administrative expenses$90,067
Investment structure
Assets at year end by Schedule H category. The form shows the kind of vehicle holding the money, not the funds on the menu.
- Registered investment companies (mutual funds)$16.4M · 88.5%
- Insurance company general account$1.9M · 10.3%
- Participant loans$125K · 0.7%
- Pooled separate accounts$90K · 0.5%
- Receivables$2,078 · 0.0%
Audit and compliance answers, as filed
- Accountant's opinionUnmodified (unqualified)
- Audit scope limited under ERISA section 103(a)(3)(C)Yes
- Participant contributions reported as transmitted lateYes, $55,200
- Covered by a fidelity bondYes, $1,000,000
- Blackout period during the yearNo
These are the plan administrator's own answers on Schedule H, Part IV. A reported late transmittal is the filer's disclosure of a timing lapse, usually corrected through the Department of Labor's voluntary program; the amount is the total involved, not a loss.
Plan characteristics
2EProfit-sharing plan2JCode section 401(k) feature2FERISA section 404(c) plan2GTotal participant-directed account plan2S401(k) plan or 403(b) plan that provides for automatic enrollment2TTotal or partial participant-directed account plan with a default investment account
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311500: Dairy Product Mfg.
Similar plans in New York
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Take Form 401(k) Profit Sharing Plan & Trust | Quorum Group LLC DBA Take Form | 248 | $8.0M | $32,386 |
| Robert Busse & Co., Inc. 401(k) Profit Sharing Plan | Robert Busse & Co., Inc. | 246 | $6.7M | $27,155 |
| Triple Cities Metal Finishing Corporation 401(k) Profit Sharing Plan | Triple Cities Metal Finishing Corporation | 249 | $5.6M | $22,387 |
| Material Yard Workers Local 1175 Annuity Fund | Board of Trustees Material Yard Workers Local 1175 Annuity Fund | 244 | $12.2M | $50,110 |
| Vaso Corporation 401(k) Profit Sharing Plan & Trust | Vaso Corporation | 249 | $16.2M | $65,253 |
| Golden Krust Caribbean Bakery Union 401(k) Plan | Golden Krust Caribbean Bakery in | 243 | $1.4M | $5,597 |
Defined contribution plans in manufacturing closest in size.
Questions and answers
How big is Rochester Dairy Industry Individual Pension?
247 participants at the end of the plan year ending 31 Mar 2023, of whom 218 were active employees, with net assets of $18,525,064. Among defined contribution plans that places it in the 100 to 249 participants band, which held 17,456 plans in plan year 2024.
What does Roc Dairy Teamsters Local 118 contribute per participant?
The filing reports $324,067 in employer contributions for the year, which is $1,487 per active participant; the median for plans of the same type and size was $2,017 in plan year 2024. Form 5500 reports the total only. It does not state the match formula, and the per-participant figure is an average, not any one person's contribution.
What fees does the plan pay and how do they compare?
Schedule C reports $72,879 in compensation to service provider organisations, $295 per participant or 0.39% of net assets. The same-size median among plans reporting any Schedule C compensation was $141 per participant. Administrative expenses on Schedule H were $90,067. Investment costs deducted inside mutual funds and other pooled vehicles are not itemised on Form 5500, so these figures are a floor rather than a full cost.
Who runs the plan?
The sponsor is Roc Dairy Teamsters Local 118. Recordkeeping or administration: Prudential Retirement Insurance and. Investment advisory or management: One Digital Topco LLC, Resources Investment Advisors Inc. and Resources Investment Advisors LLC. Form 5500 also names the plan administrator's signer and other individuals; this site publishes organisations only.
Was the audit opinion unqualified?
The filing reports an unmodified (unqualified) opinion from a limited-scope audit, in which the accountant did not audit investment information certified by a bank or insurance company. Unmodified (formerly "unqualified") is the standard clean opinion.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Apr 2022 to 31 Mar 2023, received by the Department of Labor on 8 Apr 2026. Filings are due seven months after the plan year ends, or nine and a half with an extension, so the public record always runs a year or more behind. It contains plan-level totals only: no individual balances, contributions or names of participants exist in the data.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files (Form 5500, Schedule H, Schedule C) for plan years 2009 to 2025, public domain, with filings received through 24 Aug 2026. This page shows the latest filing on record for EIN 16-6019488, plan 002, received 8 Apr 2026; an amended filing replaces it at the next build. Medians and percentiles are computed by this site; see the methodology. Report an error through corrections.