Adams Fairacre Farms, Inc. 401(k) Review & Grade
Adams Fairacre Farms, Inc. 401(k) Plan
Poughkeepsie, NYRetail Trade1,450 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$622Employer $ per active participant
$2,017Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$47.7MNet plan assets, end of year
$30,276Average balance per account
Score breakdown
- Employer generosity21.9 / 5044th percentile for employer $ per participant
- Low cost12.0 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 48th |
| Employee saving | 34th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Adams Fairacre Farms put in about $622 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $901,866 |
| Participant (employee) contributions | $2,924,235 |
| Other contributions (incl. rollovers in) | $31,917 |
| Administrative expenses paid from the plan | $111,688 |
| Investment advisory & management fees | $39,210 |
| Benefits paid out | $4,505,391 |
| Net assets, start / end of year | $43.4M / $47.7M |
| Active participants, start / end of year | 1,474 / 1,426 |
| Participants with account balances | 1,577 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RBT Cpas, LLP |
| Employer stock held by plan | $923,956 |
Largest service providers (Schedule C)
| Empower Life & Annuity Insurance | $60,978 reported compensation |
| LPL Financial | $38,902 reported compensation |
| Day Seckler LLP | $11,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908141226NAL0019538545001, received 2025-09-08, EIN 14-1489189, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.