Gilbert Orchards, Inc 401(k) Review & Grade
Gilbert Orchards Inc 401(k) Plan
Yakima, WAAgriculture, Forestry, Fishing & Hunting510 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$380Employer $ per active participant
$661Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$3.3MNet plan assets, end of year
$6,598Average balance per account
Score breakdown
- Employer generosity13.2 / 5026th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 14th |
| Employee saving | 15th |
| Peers that auto-enroll | 36% |
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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
- Gilbert Orchards put in about $380 per active participant, below the typical peer ($774). 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 (0.67% 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.
- 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 | $193,843 |
| Participant (employee) contributions | $337,122 |
| Other contributions (incl. rollovers in) | $111,497 |
| Administrative expenses paid from the plan | $20,123 |
| Investment advisory & management fees | $20,123 |
| Benefits paid out | $344,395 |
| Net assets, start / end of year | $2.6M / $3.3M |
| Active participants, start / end of year | 531 / 489 |
| Participants with account balances | 504 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Alegria & Company, PS |
Largest service providers (Schedule C)
| Alegria Asset Management | $13,609 reported compensation |
| Empower Annuity Insurance Company | $5,642 reported compensation |
| Empower Advisory Group, LLC | $871 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015153505NAL0006780160001, received 2025-10-15, EIN 91-0233730, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.