Clover Farms Dairy Company 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Clover Farms Dairy Company 401(k) Plan Facts (plan year 2021)

Plan name
CLOVER FARMS DAIRY COMPANY UNION EMPLOYEES 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
CLOVER FARMS DAIRY COMPANY
Participants
265 (257 active employees)
Former employees with a balance
19
Plan assets
$6,137,895 at Dec 31, 2021
Average account balance
$23,075 across 266 accounts
Employer contributions
$365,330 in plan year 2021 (61% of all contributions)
Recordkeeper
Ascensus Llc
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Sep 1, 2003
— Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 13, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $594,693 went into the plan in contributions, $365,330 of it from the employer (61%).
  • $372,985 was paid out to participants.
  • Investment and other income added $616,205.
  • Administrative expenses were $48,215, about $181 per account.

How the Clover Farms Dairy Company 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016245$3.13 million$269,670$75,594
2017247$3.51 million$291,915$429,907
2018250$3.70 million$264,617$118,903
2019249$4.63 million$340,551$221,069
2020256$5.36 million$352,070$411,110
2021265$6.14 million$365,330$372,985

Clover Farms Dairy Company 401(k) Contact Information

Phone
610-921-9111
Mailing address
3300 POTTSVILLE PIKE P O BOX 14627, READING PA 19612
Plan sponsor
CLOVER FARMS DAIRY COMPANY
Employer identification number (EIN)
23-0478795
Plan number
002

Questions about the Clover Farms Dairy Company 401(k)

Is the Clover Farms Dairy Company 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Clover Farms Dairy Company contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $365,330 in employer contributions for plan year 2021.

Does the Clover Farms Dairy Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Clover Farms Dairy Company 401(k) plan?

265 participants at the start of plan year 2021, 257 of them active employees, and 19 former employees who still had money in the plan.

What is the average 401(k) balance at Clover Farms Dairy Company?

About $23,075 per account: $6.14 million in plan assets across 266 accounts with a balance at the end of plan year 2021.

Who manages the Clover Farms Dairy Company 401(k) accounts?

Ascensus (listed on the filing as ASCENSUS LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

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