Hearthside Food Solutions LLC 401(k) Review & Grade
Hearthside Food Solutions Union 401(k) Plan
Downers Grove, ILManufacturing974 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$789Employer $ per active participant
$1,506Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$24.4MNet plan assets, end of year
$22,641Average balance per account
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost10.3 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 41th |
| Employee saving | 7th |
| 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
- Hearthside Food Solutions put in about $789 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.
- 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.
- 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 | $768,608 |
| Participant (employee) contributions | $1,466,416 |
| Other contributions (incl. rollovers in) | $128 |
| Administrative expenses paid from the plan | $71,741 |
| Investment advisory & management fees | $10,392 |
| Benefits paid out | $4,574,400 |
| Net assets, start / end of year | $24.2M / $24.4M |
| Active participants, start / end of year | 1,033 / 915 |
| Participants with account balances | 1,077 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $61,349 reported compensation |
| Creative Planning LLC | $7,689 reported compensation |
| Empower Advisory Group, LLC | $2,703 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016123109NAL0003187043001, received 2025-10-16, EIN 26-4228653, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.