Blount Fine Foods 401(k) Review & Grade
Blount Fine Foods Corp 401(k) and Profit Sharing Plan
Warren, RIManufacturing1,660 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,418Employer $ per active participant
$2,826Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$71.0MNet plan assets, end of year
$58,520Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1521th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 34th |
| Employee saving | 21th |
| Peers that auto-enroll | 59% |
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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
- Blount Fine Foods put in about $1,418 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.
- Direct plan expenses (0.36% of assets) are well above similar-size plans (0.23%). 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 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 | $2,353,736 |
| Participant (employee) contributions | $4,691,431 |
| Other contributions (incl. rollovers in) | $117,459 |
| Administrative expenses paid from the plan | $240,333 |
| Contract administrator fees | $3,500 |
| Investment advisory & management fees | $91,810 |
| Benefits paid out | $7,013,135 |
| Net assets, start / end of year | $62.1M / $71.0M |
| Active participants, start / end of year | 1,687 / 1,633 |
| Participants with account balances | 1,213 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Disanto, Priest & Co |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $128,523 reported compensation |
| Icapital LLC | $91,810 reported compensation |
| Disanto Priest and Co | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260623133414NAL0008905536001, received 2026-06-23, EIN 05-0249001, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.