Prairie Farms Dairy 401(k) match, vesting and fees
What Prairie Farms Dairy's 401(k) plan says about matching contributions
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Match vesting | Participants are immediately vested in their mandatory and voluntary contributions plus earnings thereon. Vesting in the Employers’ contribution portion of their accounts plus earnings thereon is based on years of service. A participant is fully vested after three years of service, or at age 55, whichever is earlier. The nonvested balance is forfeited upon termination of service. Forfeitures are allocated among the active participants on a pro rata basis. | Audit report, p. 28 ↗ |
| Recordkeeper | Newport Group, Inc. | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 283 defined-contribution plans in manufacturing with 5,000 to 9,999 participants.
| Prairie Farms Dairy: employer contribution per participant | $7,910 | |
| Peer median | $2,895 |
| Prairie Farms Dairy: average balance | $110,964 | |
| Peer median | $115,263 |
| Prairie Farms Dairy: admin expenses ÷ assets | 0.23% | |
| Peer median | 0.08% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $598M at the end of plan year 2023 to $637M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,733 | $637M | $45.4M | $7,910 | 0.23% | Not published | Form 5500 ↗ |
| 2023 | 6,651 | $598M | $37.7M | $7,052 | 0.24% | Not published | Form 5500 ↗ |
Other Prairie Farms Dairy plans (3)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Prairie Farms Dairy 401(k) Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Ascensus | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Employees' Pension Plan of Prairie Farms Dairy, Inc. (Carbondale Cheese Plant Facility)
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Swiss Valley Farms, Co. Employees' Pension Plan and Trust
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | Pension (defined benefit) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Prairie Farms Dairy match 401(k) contributions?
The match terms for the Prairie Farms Dairy Thrift Incentive Plan have not been published from its filing yet. The plan year 2024 filing reports $45.4M in employer contributions, about $7,910 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Prairie Farms Dairy 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 28 says: “Participants are immediately vested in their mandatory and voluntary contributions plus earnings thereon. Vesting in the Employers’ contribution portion of their accounts plus earnings thereon is based on years of service. A participant is fully vested after three years of service, or at age 55, whichever is earlier. The nonvested balance is forfeited upon termination of service. Forfeitures are allocated among the active participants on a pro rata basis.”
Who manages the Prairie Farms Dairy 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Newport Group, Inc.. The plan administrator is Prairie Farms Dairy, Inc..
I left Prairie Farms Dairy. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Prairie Farms Dairy, Inc., (618) 659-5658) or the recordkeeper, Newport Group, Inc.. The Prairie Farms Dairy old 401(k) page lists the contacts from every plan filing. Find an old Prairie Farms Dairy 401(k)
Data from the public Form 5500 annual reports Prairie Farms Dairy filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Prairie Farms Dairy. Not financial advice. Report a correction · Methodology