Karoun Dairies, LLC 401(k) Review & Grade
Lactalis Dairy USA 401(k) Plan
San Fernando, CAManufacturing1,682 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,936Employer $ per active participant
$6,729Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$163.8MNet plan assets, end of year
$87,063Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost15.4 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 61th |
| Employee saving | 71th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,145 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Karoun Dairies put in about $5,936 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 | $9,980,902 |
| Participant (employee) contributions | $11,315,258 |
| Other contributions (incl. rollovers in) | $4,778,582 |
| Administrative expenses paid from the plan | $231,998 |
| Contract administrator fees | $181,436 |
| Investment advisory & management fees | $50,562 |
| Benefits paid out | $8,421,845 |
| Net assets, start / end of year | $128.3M / $163.8M |
| Active participants, start / end of year | 1,611 / 1,752 |
| Participants with account balances | 1,881 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Bonadio Group, Cpas |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $219,698 reported compensation |
| Alera Investments | $12,301 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923115213NAL0007950499001, received 2025-09-23, EIN 95-4343064, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.