Fairfield Gourmet Corporation 401(k) Review & Grade
David's Cookies / Cookie Cupboard 401(k) Plan
Cedar Grove, NJManufacturing561 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$72Employer $ per active participant
$1,043Employee $ saved per active participant
0.83%Direct admin cost, % of plan assets
$7.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.0 / 502th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 9th |
| Employee saving | 3th |
| 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
- Fairfield Gourmet put in about $72 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 (0.83% 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 | $40,164 |
| Participant (employee) contributions | $584,990 |
| Other contributions (incl. rollovers in) | $380 |
| Administrative expenses paid from the plan | $56,149 |
| Benefits paid out | $240,525 |
| Net assets, start / end of year | $6.1M / $7.3M |
| Active participants, start / end of year | 621 / 501 |
| Participants with account balances | 120 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $56,149 reported compensation |
| Flagstar Advisors Inc | $16,721 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014125835NAL0006038194002, received 2025-10-14, EIN 22-2951102, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.