Mountain Country Foods, LLC. 401(k) Review & Grade
Mountain Country Foods Employees' 401(k) Profit Sharing Plan
Spanish Fork, UTManufacturing546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,349Employer $ per active participant
$2,109Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$24.1MNet plan assets, end of year
$56,041Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost4.4 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 17th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $6 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mountain Country Foods put in about $1,349 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.60% 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.
- 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 | $736,314 |
| Participant (employee) contributions | $1,151,477 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $137,049 |
| Contract administrator fees | $137,049 |
| Benefits paid out | $1,472,012 |
| Net assets, start / end of year | $21.6M / $24.1M |
| Active participants, start / end of year | 563 / 529 |
| Participants with account balances | 430 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $137,049 reported compensation |
| Commonwealth Financial Network | $55,802 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013104244NAL0002468642001, received 2025-10-13, EIN 46-2623941, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.