Pennsylvania › Manufacturing › 500 to 999 participants
Form 5500 statement · plan year 1 Jan 2024 to 31 Dec 2024
Wise Foods Pension Plan
Sponsored by Wise Foods, Inc., Berwick, PA
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.
Wise Foods, Inc. of Berwick, Pennsylvania sponsors Wise Foods Pension Plan, a cash balance pension plan. Its Form 5500 for the plan year ending 31 Dec 2024 shows 934 participants (159 active) and $21.4M in net assets.
Net assets came to $22,921 per participant, well below the $86,583 median for defined benefit plans with 500 to 999 participants and well below the $67,961 median for defined benefit 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.
Schedule C lists 2 service provider organisations paid $5,000 or more, with reported compensation of $82K: $87.39 per participant, well below the same-size median of $377. Administrative expenses charged to the plan were $251K. 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 $27.7M in 2013 to $21.4M in 2024 (down 23%), and participants from 1,547 to 934 (down 40%).
Compared with similar plans
| Measure | This plan | Same size | Same industry | All US DB plans |
|---|---|---|---|---|
| Net assets per participant | $22,921 | $86,583 | $67,961 | $86,221 |
| Employer contributions per active participant | — | $10,758 | $6,915 | $10,244 |
| Schedule C compensation per participant | $87.39 | $377 | $299 | $344 |
| Schedule C compensation, share of net assets | 0.38% | 0.48% | 0.47% | 0.42% |
| Administrative expenses per participant | $268 | $591 | $498 | $527 |
Peer columns are medians for plan year 2024 across defined benefit plans with 100 or more participants: 500 to 999 participants (873 plans), manufacturing (1,532) and all US plans (5,308). 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 |
|---|---|---|---|---|---|---|
| 2024 | 934 | $21.4M | $22,921 | — | — | $82K |
| 2023 | 971 | $23.7M | $24,429 | — | — | $162K |
| 2022 | 1,026 | $24.6M | $24,010 | — | — | $137K |
| 2021 | 1,074 | $31.4M | $29,280 | — | — | $153K |
| 2020 | 1,122 | $31.2M | $27,793 | $0 | $0 | $173K |
| 2019 | 1,163 | $30.3M | $26,061 | $0 | $0 | $126K |
| 2018 | 1,210 | $27.8M | $22,946 | $0 | $0 | $100K |
| 2017 | 1,253 | $31.4M | $25,047 | $0 | $0 | $84K |
| 2016 | 1,287 | $29.6M | $22,991 | $1.5M | $0 | $60K |
| 2015 | 1,322 | $28.3M | $21,415 | $1.5M | $0 | $92K |
| 2014 | 1,485 | $29.8M | $20,055 | $3.1M | $0 | $90K |
| 2013 | 1,547 | $27.7M | $17,922 | $2.1M | $0 | $94K |
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$23,720,898
- Employer contributions—
- Participant contributions—
- Rollovers and other contributions—
- Total contributions$0
- Total income, including investment results−$109,606
- Benefits paid$1,952,075
- Administrative expenses$250,763
- Total expenses$2,202,838
- Net income−$2,312,444
- Net transfers$0
- Net assets, end of year$21,408,454
Participants
- Active participants159
- Retired or separated, receiving benefits429
- Retired or separated, entitled to future benefits280
- Participants with account balances0
- Total participants, end of year934
Fees and service providers
| Organisation | Services reported | Direct | Indirect |
|---|---|---|---|
| Principal Life Insurance Company | Contract Administrator | $64,121 | $0 |
| Pensionmark Financial Group, LLC | Investment advisory (plan) | $17,500 | $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
- Other administrative expenses$166,042
- Contract administrator fees$64,121
- Investment advisory and management fees$20,600
- Total administrative expenses$250,763
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.
- Pooled separate accounts$21.4M · 100.0%
Audit and compliance answers, as filed
- Accountant's opinionNot stated
- Audit scope limited under ERISA section 103(a)(3)(C)—
- Participant contributions reported as transmitted lateNo
- Covered by a fidelity bondYes, $500,000
- Blackout period during the year—
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
1CCash balance or similar plan1IFrozen plan3DPre-approved pension plan3HPlan sponsor(s) is (are) a member(s) of a controlled group
Codes entered on Form 5500 line 8a, with the labels from the official instructions. Business code 311800: Bakeries, Tortilla & Dry Pasta Mfg.
Other plans of Wise Foods, Inc.
| Plan | Participants | Net assets |
|---|---|---|
| Wise Foods 401(k) Plan | 995 | $42.7M |
Similar plans in Pennsylvania
| Plan | Sponsor | Participants | Net assets | Per participant |
|---|---|---|---|---|
| Arkema Inc. Retirement Benefits Plan | Arkema Inc. | 950 | $141M | $148,394 |
| Johnson Matthey Inc. Amended and Restated Salaried Employees Pension Plan | Johnson Matthey Inc. | 917 | $4.9M | $5,396 |
| Group Pension Plan for Hourly Employees of Keystone Powdered Metal Co. | Keystone Powdered Metal Company | 950 | $40.7M | $42,846 |
| Wabtec Consolidated Pension Plan | Westinghouse Airbrake Technologies Corporation | 903 | $51.6M | $57,161 |
| Meda and Emd Consolidated Pension Plan | Meda Pharmaceuticals Inc. | 995 | $61.6M | $61,955 |
| Koppers Inc. Retirement Plan | Koppers Inc. | 872 | $88.8M | $101,819 |
Defined benefit plans in manufacturing closest in size.
Questions and answers
How big is Wise Foods Pension Plan?
934 participants at the end of the plan year ending 31 Dec 2024, of whom 159 were active employees, with net assets of $21,408,454. Among defined benefit plans that places it in the 500 to 999 participants band, which held 873 plans in plan year 2024.
What does Wise Foods, Inc. contribute per participant?
This filing has no Schedule H financial statement, so employer contributions are not reported here.
What fees does the plan pay and how do they compare?
Schedule C reports $81,621 in compensation to service provider organisations, $87.39 per participant or 0.38% of net assets. The same-size median among plans reporting any Schedule C compensation was $377 per participant. Administrative expenses on Schedule H were $250,763. 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 Wise Foods, Inc.. Recordkeeping or administration: Principal Life Insurance Company. Investment advisory or management: Pensionmark Financial Group, 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 does not state an accountant's opinion type.
How current is this, and does it show my balance?
This is the Form 5500 for the plan year 1 Jan 2024 to 31 Dec 2024, received by the Department of Labor on 15 Oct 2025. 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 51-0370373, plan 002, received 15 Oct 2025; 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.