Perfection Bakeries, Inc. D/B/A Aunt Millie's Bakeries 401(k) Review & Grade
Aunt Millie's Bakeries 401(k) Savings Plan
Fort Wayne, INManufacturing1,108 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,976Employer $ per active participant
$4,734Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$85.6MNet plan assets, end of year
$60,344Average balance per account
Score breakdown
- Employer generosity21.4 / 5043th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 40th |
| Employee saving | 47th |
| Peers that auto-enroll | 59% |
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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
- Perfection Bakeries, Inc. D/B/A Aunt Millie's Bakeries put in about $1,976 per active participant, below the typical peer ($2,320). 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.
- 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 | $2,190,273 |
| Participant (employee) contributions | $5,247,690 |
| Other contributions (incl. rollovers in) | $666,075 |
| Administrative expenses paid from the plan | $243,640 |
| Contract administrator fees | $161,778 |
| Investment advisory & management fees | $67,687 |
| Benefits paid out | $8,608,014 |
| Net assets, start / end of year | $76.5M / $85.6M |
| Active participants, start / end of year | 1,104 / 1,113 |
| Participants with account balances | 1,419 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| John Hancock | $196,466 reported compensation |
| Procourse Fiduciary Advisors, LLC | $33,000 reported compensation |
| Crowe LLP | $14,175 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140457NAL0004769873001, received 2025-10-15, EIN 35-0577170, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.