Kaolin Mushroom Farms, Inc. 401(k) Review & Grade
Kaolin Mushroom Farms, Inc. 401(k) Retirement Plan
Kennett Square, PAAgriculture, Forestry, Fishing & Hunting536 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,152Employer $ per active participant
$2,901Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$18.2MNet plan assets, end of year
$39,828Average balance per account
Score breakdown
- Employer generosity28.2 / 5056th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 15th |
| Employee saving | 62th |
| Peers that auto-enroll | 36% |
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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
- Kaolin Mushroom Farms put in about $1,152 per active participant, more than the typical peer ($774). 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.
- Direct plan expenses (0.65% 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.
- 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 | $617,360 |
| Participant (employee) contributions | $1,555,095 |
| Other contributions (incl. rollovers in) | $529,073 |
| Administrative expenses paid from the plan | $105,659 |
| Investment advisory & management fees | $48,332 |
| Benefits paid out | $992,224 |
| Net assets, start / end of year | $14.1M / $18.2M |
| Active participants, start / end of year | 543 / 529 |
| Participants with account balances | 456 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whisman Giordano & Associates, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $57,327 reported compensation |
| Valley Forge Investment Consultants | $48,332 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827095513NAL0009427057001, received 2025-08-27, EIN 23-1612227, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.