Oberweis Dairy, Inc. 401(k) Plan: Login, Facts & Contact Information

Oberweis Dairy, Inc. 401(k) Plan Facts

Plan name
OBERWEIS DAIRY, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
OBERWEIS DAIRY, INC.
Participants
577 (343 active employees)
Former employees with a balance
99
Plan assets
$17,679,606 at Dec 31, 2023
Average account balance
$83,394 across 212 accounts
Recordkeeper
Capital Group Retirement Plan Svcs.
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Mar 2, 1959
✓ 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 14, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $627,387 went into the plan in contributions.
  • $4.26 million was paid out to participants.
  • Investment and other income added $3.25 million.
  • Administrative expenses were $35,254, about $166 per account.

How the Oberweis Dairy, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018803$16.2 million$174,440$1.29 million
2019683$17.4 million$0$2.57 million
2020583$21.0 million$112,136$953,272
2021667$24.1 million$812,164$2.04 million
2022604$18.1 million$346,616$2.59 million
2023577$17.7 million$0$4.26 million

Oberweis Dairy, Inc. 401(k) Contact Information

Phone
630-801-6100
Mailing address
951 ICE CREAM DRIVE, NORTH AURORA IL 60542
Plan sponsor
OBERWEIS DAIRY, INC.
Employer identification number (EIN)
36-2267516
Plan number
007

Questions about the Oberweis Dairy, Inc. 401(k)

Does Oberweis Dairy, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Oberweis Dairy, Inc 401(k) have automatic enrollment?

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

How many people are in the Oberweis Dairy, Inc 401(k) plan?

577 participants at the start of plan year 2023, 343 of them active employees, and 99 former employees who still had money in the plan.

What is the average 401(k) balance at Oberweis Dairy, Inc?

About $83,394 per account: $17.7 million in plan assets across 212 accounts with a balance at the end of plan year 2023.

Who manages the Oberweis Dairy, Inc 401(k) accounts?

Capital Group / American Funds (listed on the filing as CAPITAL GROUP RETIREMENT PLAN SVCS.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Oberweis Dairy, Inc. How do I access my 401(k)?

Your account stays with Capital Group / American Funds 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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