Columbia Food Service Company 401(k) Review & Grade
Columbia Food Service Company, 401(k) Profit Sharing Plan and Trust
Tampa, FLAccommodation & Food Services818 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$982Employer $ per active participant
$1,587Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
$19,841Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 17th |
| Employee saving | 77th |
| Peers that auto-enroll | 17% |
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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
- Columbia Food Service put in about $982 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.61% 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.
- 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 | $803,512 |
| Participant (employee) contributions | $1,297,948 |
| Other contributions (incl. rollovers in) | $3,758 |
| Administrative expenses paid from the plan | $70,025 |
| Benefits paid out | $1,469,420 |
| Net assets, start / end of year | $10.7M / $12.4M |
| Active participants, start / end of year | 833 / 803 |
| Participants with account balances | 627 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frazier & Deeter Advisory, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $35,437 reported compensation |
| LPL Financial | $31,532 reported compensation |
| Planned Retirement Consultants & Ad | $12,261 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015203638NAL0002980771001, received 2025-10-15, EIN 59-2532997, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.