Blommer Chocolate Company, LLC. 401(k) Review & Grade
The Blommer Chocolate Company Employees' Profit- Sharing and 401k Plan
Chicago, ILManufacturing704 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,097Employer $ per active participant
$4,814Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$101.3MNet plan assets, end of year
$109,682Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost15.8 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 63th |
| Employee saving | 48th |
| Peers that auto-enroll | 59% |
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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 ($965,617 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Blommer Chocolate Company put in about $2,097 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,474,944 |
| Participant (employee) contributions | $3,386,371 |
| Other contributions (incl. rollovers in) | $433,273 |
| Administrative expenses paid from the plan | $154,732 |
| Investment advisory & management fees | $54,545 |
| Other admin expenses | $3,732 |
| Benefits paid out | $17,426,975 |
| Net assets, start / end of year | $106.4M / $101.3M |
| Active participants, start / end of year | 808 / 599 |
| Participants with account balances | 924 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ostrow Reisin Berk & Abrams, LTD. |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $96,455 reported compensation |
| Capfinancial Partners LLC | $54,545 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251119102844NAL0009046130001, received 2025-11-19, EIN 36-0815905, plan #001, plan year 2024-05-27 to 2025-05-25. Verify at efast.dol.gov.