North American Breweries, Inc. 401(k) Review & Grade
North American Breweries, Inc. Employees' Savings and Investment Plan
Rochester, NYManufacturing520 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,693Employer $ per active participant
$6,914Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$81.6MNet plan assets, end of year
$118,738Average balance per account
Score breakdown
- Employer generosity28.7 / 5057th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 62th |
| Employee saving | 73th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,301 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- North American Breweries put in about $2,693 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 | $1,399,063 |
| Participant (employee) contributions | $3,591,959 |
| Other contributions (incl. rollovers in) | $448,948 |
| Administrative expenses paid from the plan | $122,818 |
| Investment advisory & management fees | $30,485 |
| Benefits paid out | $10,408,528 |
| Net assets, start / end of year | $75.2M / $81.6M |
| Active participants, start / end of year | 531 / 508 |
| Participants with account balances | 687 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Insero & Co. Cpa's, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services Inc | $87,493 reported compensation |
| Ubs Financial Services Inc | $20,000 reported compensation |
| Insero and Co Cpas LLP | $15,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826102934NAL0004379363001, received 2025-08-26, EIN 80-0301528, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.