Norman W. Fries, Inc. Claxton 401(k) Review & Grade
Claxton Poultry Farms Employees' Saving Plan
Claxton, GAAgriculture, Forestry, Fishing & Hunting1,787 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$255Employer $ per active participant
$575Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity8.1 / 5016th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 73th |
| Employee saving | 12th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Norman W. Fries, Inc. Claxton put in about $255 per active participant, below the typical peer ($774). 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 | $456,174 |
| Participant (employee) contributions | $1,027,342 |
| Other contributions (incl. rollovers in) | $39,392 |
| Administrative expenses paid from the plan | $21,033 |
| Contract administrator fees | $8,350 |
| Investment advisory & management fees | $11,796 |
| Other admin expenses | $887 |
| Benefits paid out | $3,595,917 |
| Net assets, start / end of year | $20.6M / $20.4M |
| Active participants, start / end of year | 650 / 2,924 |
| Participants with account balances | 329 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frost PLLC |
Largest service providers (Schedule C)
| Northwestern Mutual Wealth Manageme | $22,526 reported compensation |
| Voya Retirement Advisors, LLC | $11,788 reported compensation |
| Voya Retirement Insurance & Annuity | $9,304 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010110246NAL0007999585001, received 2025-10-10, EIN 58-0703332, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.