Bar-S Foods Co. 401(k) Review & Grade
Bar-S Foods Co. 401(k) and Profit Sharing Plan
Scottsdale, AZManufacturing4,069 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,689Employer $ per active participant
$2,528Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$211.8MNet plan assets, end of year
$60,921Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 29th |
| Employee saving | 12th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,847 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $830 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bar-S Foods put in about $2,689 per active participant, below the typical peer ($3,452). 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.
- Direct plan expenses (0.24% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $10,939,571 |
| Participant (employee) contributions | $10,285,850 |
| Other contributions (incl. rollovers in) | $883,821 |
| Administrative expenses paid from the plan | $477,381 |
| Contract administrator fees | $477,381 |
| Benefits paid out | $24,479,462 |
| Net assets, start / end of year | $191.6M / $211.8M |
| Active participants, start / end of year | 4,029 / 4,109 |
| Participants with account balances | 3,477 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $491,347 reported compensation |
| Sageview Advisory Group | $72,828 reported compensation |
| Baker Tilly US, LLP | $16,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014160929NAL0004473936001, received 2025-10-14, EIN 86-0409987, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.