JBS USA Food Company Holdings 401(k) Review & Grade
JBS 401(k) Savings Plan
Greeley, COManufacturing39,800 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$345Employer $ per active participant
$1,181Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$679.8MNet plan assets, end of year
$31,076Average balance per account
Score breakdown
- Employer generosity2.0 / 504th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 24th |
| Employee saving | 3th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $102 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- JBS USA Food Company Holdings put in about $345 per active participant, below the typical peer ($5,480). 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 (0.17% of assets) are well above similar-size plans (0.09%). 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 | $13,747,441 |
| Participant (employee) contributions | $46,987,836 |
| Other contributions (incl. rollovers in) | $4,300,637 |
| Administrative expenses paid from the plan | $1,075,146 |
| Investment advisory & management fees | $287,593 |
| Other admin expenses | $67,705 |
| Benefits paid out | $81,143,426 |
| Net assets, start / end of year | $601.2M / $679.8M |
| Active participants, start / end of year | 40,521 / 39,079 |
| Participants with account balances | 21,876 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $704,098 reported compensation |
| Empower Advisory Group, LLC | $267,592 reported compensation |
| Fedex Kinkos | $36,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819144359NAL0002416097001, received 2025-08-19, EIN 58-1034573, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.