Caviness Beef Packers LTD 401(k) Review & Grade
Caviness Beef Packers LTD 401(k) Plan
Amarillo, TXManufacturing952 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,261Employer $ per active participant
$1,732Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$22.0MNet plan assets, end of year
$25,682Average balance per account
Score breakdown
- Employer generosity12.1 / 5024th percentile for employer $ per participant
- Low cost23.9 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 96th |
| Employee saving | 9th |
| 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
- Caviness Beef Packers put in about $1,261 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.
- 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 | $1,200,697 |
| Participant (employee) contributions | $1,648,395 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $3,738 |
| Contract administrator fees | $3,738 |
| Benefits paid out | $1,361,810 |
| Net assets, start / end of year | $18.2M / $22.0M |
| Active participants, start / end of year | 983 / 921 |
| Participants with account balances | 858 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Johnson & Sheldon, PLLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015083943NAL0002033379001, received 2025-10-15, EIN 75-2966835, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.