Ocean Spray Cranberries, Inc. 401(k) Review & Grade
Savings Plan for Salaried Employees of Ocean Spray Cranberries, Inc.
Lakeville Middleboro, MAManufacturing858 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$11,460Employer $ per active participant
$11,012Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$339.5MNet plan assets, end of year
$247,471Average balance per account
Score breakdown
- Employer generosity49.1 / 5098th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 89th |
| Employee saving | 92th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,791 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ocean Spray Cranberries put in about $11,460 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.
- 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 | $9,826,868 |
| Participant (employee) contributions | $9,443,097 |
| Other contributions (incl. rollovers in) | $2,030,985 |
| Administrative expenses paid from the plan | $146,275 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $51,806 |
| Other admin expenses | $53,494 |
| Benefits paid out | $44,997,279 |
| Net assets, start / end of year | $311.4M / $339.5M |
| Active participants, start / end of year | 818 / 897 |
| Participants with account balances | 1,372 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpa's PC |
Largest service providers (Schedule C)
| Cbiz Cpa's PC | $114,301 reported compensation |
| Nepc, LLC. | $53,494 reported compensation |
| Strategic Advisors, Inc. | $51,806 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015165025NAL0005178433001, received 2025-10-15, EIN 04-1215610, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.