Harmony Foods, LLC 401(k) Review & Grade
SCN Bestco 401(k) Plan
Golden, COManufacturing1,255 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,263Employer $ per active participant
$4,405Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$72.5MNet plan assets, end of year
$62,859Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 33th |
| Employee saving | 43th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Harmony Foods put in about $2,263 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 (0.37% 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 | $2,839,508 |
| Participant (employee) contributions | $5,528,721 |
| Other contributions (incl. rollovers in) | $33,976,119 |
| Administrative expenses paid from the plan | $192,698 |
| Other admin expenses | $68,869 |
| Benefits paid out | $9,436,025 |
| Net assets, start / end of year | $30.5M / $72.5M |
| Active participants, start / end of year | 1,294 / 1,216 |
| Participants with account balances | 1,153 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $123,829 reported compensation |
| Forest Capital Management, LLC | $70,315 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013093856NAL0001620864001, received 2025-10-13, EIN 43-1979323, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.