Home Market Foods, Inc. 401(k) Review & Grade
Home Market Foods, Inc. 401(k) Plan
Norwood, MAManufacturing528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,349Employer $ per active participant
$6,495Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$36.0MNet plan assets, end of year
$54,655Average balance per account
Score breakdown
- Employer generosity25.4 / 5051th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 64th |
| Employee saving | 69th |
| 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
- Home Market Foods put in about $2,349 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.
- 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 | $1,240,268 |
| Participant (employee) contributions | $3,429,257 |
| Other contributions (incl. rollovers in) | $127,474 |
| Administrative expenses paid from the plan | $47,189 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $2,135,093 |
| Net assets, start / end of year | $29.1M / $36.0M |
| Active participants, start / end of year | 515 / 541 |
| Participants with account balances | 659 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Waldron H. Rand & Company, PC |
Largest service providers (Schedule C)
| Usi Advisors Inc | $35,000 reported compensation |
| Fidelity Investments Institutional | $12,189 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131838NAL0004957089001, received 2025-10-15, EIN 04-3263154, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.