Deep Foods, Inc. 401(k) Review & Grade
The Deep Foods Group Retirement Plan
Union, NJWholesale Trade624 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,113Employer $ per active participant
$2,500Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost3.6 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 15th |
| Employee saving | 16th |
| Peers that auto-enroll | 53% |
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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
- Deep Foods put in about $1,113 per active participant, below the typical peer ($1,792). 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 (0.66% 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 | $694,436 |
| Participant (employee) contributions | $1,560,123 |
| Other contributions (incl. rollovers in) | $3,253 |
| Administrative expenses paid from the plan | $71,095 |
| Investment advisory & management fees | $31,696 |
| Benefits paid out | $288,298 |
| Net assets, start / end of year | $9.1M / $12.4M |
| Active participants, start / end of year | 598 / 650 |
| Participants with account balances | 254 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $39,398 reported compensation |
| Ubs Financial Services, Inc. | $31,696 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015055943NAL0002009635001, received 2025-10-15, EIN 22-2170677, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.