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Knouse Foods is a cooperative, we’re owned by apple growers. Our products that may be
familiar to folks in central Pennsylvania include Musselman’s
applesauce and Lucky Leaf pie filling. Family is the
core of our business. We’ve taken the approach for over sixty years and we’re bringing
our products from our family to your family table. We have
approximately fourteen hundred employees and our
demographic is actually a little bit older. The average age of our employees is probably
around fifty years old. We want to help them prepare for
secure retirement. And that includes offering a 401k
plan. That’s where Conrad Siegel Actuaries come in. Several years ago our law firm suggested
that we may wish to consider them. We met with the
representatives and found them to be a good match.
They said to us, you’ll come to trust us, and really over the years, we have. We found
them to be precise and accurate and timely. I think one
thing is a program like this has to be easy to use for the
employee, and so Conrad Siegel has helped us to increase participation with online and
print materials, showing employees the benefit of planning
for retirement. When they meet with us they’re always
well prepared, they have good examples, good analysis, and that helps us as members of
the benefits committee, feel secure that we’re offering
our employees that best that we can.