B&g Foods North America, Inc. 401(k) Review & Grade
B&g Foods 401(k) Savings and Investment Plan
Parsippany, NJManufacturing1,842 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,020Employer $ per active participant
$6,421Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$201.6MNet plan assets, end of year
$90,972Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost22.1 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 89th |
| Employee saving | 68th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $94,464 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- B&g Foods North America put in about $3,020 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $5,561,055 |
| Participant (employee) contributions | $11,823,599 |
| Other contributions (incl. rollovers in) | $2,344,742 |
| Administrative expenses paid from the plan | $87,752 |
| Contract administrator fees | $84,143 |
| Benefits paid out | $16,845,448 |
| Net assets, start / end of year | $177.3M / $201.6M |
| Active participants, start / end of year | 1,828 / 1,855 |
| Participants with account balances | 2,216 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
| Employer stock held by plan | $2,022,123 |
Largest service providers (Schedule C)
| Lincoln National Corporation | $84,143 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013101924NAL0000470915001, received 2025-10-13, EIN 22-3640377, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.