Newly Weds Foods, LLC 401(k) Review & Grade
Newly Weds Foods, LLC Cash Accumulation Plan
Chicago, ILManufacturing2,911 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3Employer $ per active participant
$2,666Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$111.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity0.4 / 501th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 67th |
| Employee saving | 13th |
| Peers that auto-enroll | 70% |
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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
- Newly Weds Foods put in about $3 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.
- 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 | $9,249 |
| Participant (employee) contributions | $7,760,826 |
| Other contributions (incl. rollovers in) | $290,789 |
| Administrative expenses paid from the plan | $77,674 |
| Investment advisory & management fees | $375 |
| Other admin expenses | $27,684 |
| Benefits paid out | $8,124,280 |
| Net assets, start / end of year | $98.7M / $111.3M |
| Active participants, start / end of year | 2,907 / 2,915 |
| Participants with account balances | 1,154 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US, LLP |
Largest service providers (Schedule C)
| RSM US LLP | $24,708 reported compensation |
| T Rowe Price RPS Inc | $20,629 reported compensation |
| Harvest Investment Services LLC | $20,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010145925NAL0004352547001, received 2025-10-10, EIN 36-1546460, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.