Milk Specialties Company 401(k) Plan: Login, Facts & Contact Information

Milk Specialties Company 401(k) Plan Facts

Plan name
MILK SPECIALTIES COMPANY RETIREMENT PLAN
Plan type
401(k) and profit sharing
Plan sponsor
MILK SPECIALTIES COMPANY
Participants
1,606 (1,202 active employees)
Former employees with a balance
532
Plan assets
$66,644,346 at Dec 31, 2024
Average account balance
$39,411 across 1,691 accounts
Employer contributions
$4,023,564 in plan year 2024 (39% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 25, 1986
— 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 26, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $10.3 million went into the plan in contributions, $4.02 million of it from the employer (39%).
  • $8.43 million was paid out to participants.
  • Investment and other income added $7.61 million.
  • Administrative expenses were $227,983, about $135 per account.

How the Milk Specialties Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,046$37.7 million$2.15 million$4.77 million
20201,195$45.2 million$2.09 million$4.79 million
20211,288$52.8 million$2.59 million$5.14 million
20221,373$46.8 million$3.24 million$4.79 million
20231,512$57.4 million$3.50 million$7.17 million
20241,606$66.6 million$4.02 million$8.43 million

Milk Specialties Company 401(k) Contact Information

Phone
952-942-7310
Mailing address
7500 FLYING CLOUD DRIVE SUITE 500, EDEN PRAIRIE MN 55344
Plan sponsor
MILK SPECIALTIES COMPANY
Employer identification number (EIN)
36-3452006
Plan number
002

Questions about the Milk Specialties Company 401(k)

Does Milk Specialties Company contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $4.02 million in employer contributions for plan year 2024.

Does the Milk Specialties Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Milk Specialties Company 401(k) plan?

1,606 participants at the start of plan year 2024, 1,202 of them active employees, and 532 former employees who still had money in the plan.

What is the average 401(k) balance at Milk Specialties Company?

About $39,411 per account: $66.6 million in plan assets across 1,691 accounts with a balance at the end of plan year 2024.

Who manages the Milk Specialties Company 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Milk Specialties Company. How do I access my 401(k)?

Your account stays with Newport (an Ascensus company) after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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