Lactalis American Group Inc. 401(k) Review & Grade
Lactalis American Group, Inc. Retirement Plan
Buffalo, NYManufacturing1,772 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,860Employer $ per active participant
$4,755Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$202.0MNet plan assets, end of year
$86,733Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 88th |
| Employee saving | 47th |
| Peers that auto-enroll | 59% |
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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
- Lactalis American Group put in about $4,860 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.
- 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 | $8,612,434 |
| Participant (employee) contributions | $8,425,281 |
| Other contributions (incl. rollovers in) | $1,908,377 |
| Administrative expenses paid from the plan | $93,716 |
| Contract administrator fees | $64,465 |
| Investment advisory & management fees | $29,251 |
| Benefits paid out | $23,322,206 |
| Net assets, start / end of year | $182.2M / $202.0M |
| Active participants, start / end of year | 1,726 / 1,818 |
| Participants with account balances | 2,329 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Company, LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $93,716 reported compensation |
| Alera Investment | $29,251 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923115419NAL0007954307001, received 2025-09-23, EIN 39-1429105, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.