Peet's Coffee & Tea, LLC 401(k) Review & Grade
Peet's Coffee & Tea, LLC Savings & Retirement Plan
Emeryville, CARetail Trade4,530 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$780Employer $ per active participant
$1,796Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$130.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 46th |
| Employee saving | 45th |
| Peers that auto-enroll | 42% |
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
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Peet's Coffee & Tea put in about $780 per active participant, more than the typical peer ($650). 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 | $3,533,436 |
| Participant (employee) contributions | $8,136,828 |
| Other contributions (incl. rollovers in) | $3,297,842 |
| Administrative expenses paid from the plan | $170,191 |
| Contract administrator fees | $170,191 |
| Benefits paid out | $12,342,677 |
| Net assets, start / end of year | $110.7M / $130.3M |
| Active participants, start / end of year | 4,616 / 4,443 |
| Participants with account balances | 1,737 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | BPM LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $173,341 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130615NAL0006073330001, received 2025-10-14, EIN 91-0863396, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.