Kraft Heinz Foods Company 401(k) Review & Grade
Kraft Heinz Union Savings Plan
Pittsburgh, PAManufacturing3,697 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,792Employer $ per active participant
$4,123Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$311.0MNet plan assets, end of year
$59,879Average balance per account
Score breakdown
- Employer generosity20.4 / 5041th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 60th |
| Employee saving | 25th |
| Peers that auto-enroll | 70% |
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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 $46,213 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 $2,792 per active participant, below the typical peer ($3,452). 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.
- 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 | $10,322,980 |
| Participant (employee) contributions | $15,243,629 |
| Other contributions (incl. rollovers in) | $118,648 |
| Administrative expenses paid from the plan | $281,063 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $92,899 |
| Other admin expenses | $7,657 |
| Benefits paid out | $41,791,177 |
| Net assets, start / end of year | $300.1M / $311.0M |
| Active participants, start / end of year | 3,754 / 3,640 |
| Participants with account balances | 5,193 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $118,081 reported compensation |
| Strategic Advisors, Inc. | $73,659 reported compensation |
| Crowe LLP | $51,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729094516NAL0005506738001, received 2025-07-29, EIN 25-0542520, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.