Kraft Heinz Foods Company 401(k) Review & Grade
Kraft Heinz Savings Plan
Pittsburgh, PAManufacturing13,291 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,743Employer $ per active participant
$7,615Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$3.6BNet plan assets, end of year
$153,381Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 81th |
| Employee saving | 40th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $3,283 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kraft Heinz Foods put in about $5,743 per active participant, more than the typical peer ($5,480). 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.
- 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 | $76,333,197 |
| Participant (employee) contributions | $101,210,263 |
| Other contributions (incl. rollovers in) | $14,354,770 |
| Administrative expenses paid from the plan | $1,197,016 |
| Contract administrator fees | $11,100 |
| Investment advisory & management fees | $742,945 |
| Other admin expenses | $40,042 |
| Benefits paid out | $408,626,733 |
| Net assets, start / end of year | $3.5B / $3.6B |
| Active participants, start / end of year | 13,335 / 13,247 |
| Participants with account balances | 23,766 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $647,566 reported compensation |
| Fidelity Investments Institutional | $354,177 reported compensation |
| Mercer Investments LLC | $95,379 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729094559NAL0003051297001, received 2025-07-29, EIN 25-0542520, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.