Europastry USA, Inc 401(k) Review & Grade
Europastry USA 401(k) Plan
Ronkonkoma, NYManufacturing662 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$514Employer $ per active participant
$1,083Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$8.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.6 / 507th percentile for employer $ per participant
- Low cost4.1 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 17th |
| Employee saving | 4th |
| 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
- Europastry USA put in about $514 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 (0.62% 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 | $340,198 |
| Participant (employee) contributions | $716,736 |
| Other contributions (incl. rollovers in) | $116,033 |
| Administrative expenses paid from the plan | $51,083 |
| Contract administrator fees | $51,083 |
| Benefits paid out | $2,629,845 |
| Net assets, start / end of year | $8.6M / $8.0M |
| Active participants, start / end of year | 653 / 671 |
| Participants with account balances | 221 |
| Auto-enrollment (feature code 2S) | Not reported |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $51,082 reported compensation |
| Ubs Financial Services Inc | $20,477 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015174112NAL0005285105001, received 2025-10-15, EIN 11-2366431, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.