Gold Medal Bakery, Inc. 401(k) Review & Grade
Gold Medal Bakery, Inc. Employees Supplemental Income Plan
Fall River, MAManufacturing552 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,427Employer $ per active participant
$5,589Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$71.2MNet plan assets, end of year
$94,116Average balance per account
Score breakdown
- Employer generosity26.3 / 5053th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 96th |
| Employee saving | 60th |
| 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
- Gold Medal Bakery put in about $2,427 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,339,659 |
| Participant (employee) contributions | $3,084,973 |
| Other contributions (incl. rollovers in) | $8,368 |
| Administrative expenses paid from the plan | $11,718 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $9,643 |
| Other admin expenses | $62,417 |
| Benefits paid out | $5,789,206 |
| Net assets, start / end of year | $61.5M / $71.2M |
| Active participants, start / end of year | 566 / 538 |
| Participants with account balances | 757 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wolf & Company, P.C. |
Largest service providers (Schedule C)
| Dimeo Schneider and Associates | $43,750 reported compensation |
| The Angell Pension Group, Inc. | $18,667 reported compensation |
| Wolf & Company, P.C. | $17,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007152158NAL0008184000001, received 2025-10-07, EIN 04-2074311, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.