Foster Poultry Farms 401(k) Review & Grade
Employee P/S Ret Plan & Trust of Foster Farms Group · d/b/a Administrative Committee of Employee
Livingston, CAAgriculture, Forestry, Fishing & Hunting11,308 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,024Employer $ per active participant
$1,586Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$456.0MNet plan assets, end of year
$41,182Average balance per account
Score breakdown
- Employer generosity16.9 / 5034th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 34th |
| Lower admin cost | 24th |
| Employee saving | 22th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($113,141 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $6,448 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Foster Poultry Farms put in about $1,024 per active participant, below the typical peer ($2,229). 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 (0.17% of assets) are well above similar-size plans (0.09%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $11,582,539 |
| Participant (employee) contributions | $17,930,685 |
| Other contributions (incl. rollovers in) | $2,176,076 |
| Administrative expenses paid from the plan | $740,499 |
| Contract administrator fees | $5,100 |
| Benefits paid out | $59,912,892 |
| Net assets, start / end of year | $418.2M / $456.0M |
| Active participants, start / end of year | 11,739 / 10,877 |
| Participants with account balances | 11,074 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Atherton & Associates, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $589,704 reported compensation |
| Cook Street Consulting, Inc. | $93,750 reported compensation |
| Atherton and Associa | $57,045 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009172310NAL0006963905001, received 2025-10-09, EIN 94-2382364, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.