Fieldale Farms Corporation 401(k) Review & Grade
Fieldale Farms Corporation Employees' Retirement Savings Plan
Baldwin, GAAgriculture, Forestry, Fishing & Hunting4,696 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,393Employer $ per active participant
$2,539Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$164.2MNet plan assets, end of year
$26,688Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 22th |
| Employee saving | 29th |
| Peers that auto-enroll | 52% |
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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
- Fieldale Farms put in about $1,393 per active participant, below the typical peer ($2,062). 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 (0.31% of assets) are well above similar-size plans (0.12%). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $6,543,346 |
| Participant (employee) contributions | $11,924,524 |
| Other contributions (incl. rollovers in) | $93,967 |
| Administrative expenses paid from the plan | $484,220 |
| Benefits paid out | $16,994,190 |
| Net assets, start / end of year | $146.8M / $164.2M |
| Active participants, start / end of year | 4,738 / 4,655 |
| Participants with account balances | 6,154 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frost, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $484,220 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260304130417NAL0004947568001, received 2026-03-04, EIN 58-1119934, plan #333, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.