Performance Food Group, Inc. 401(k) Review & Grade
Performance Food Group Employee Savings Plan
Richmond, VAWholesale Trade34,514 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,656Employer $ per active participant
$3,535Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$1.9BNet plan assets, end of year
$80,796Average balance per account
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 42th |
| Employee saving | 26th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Performance Food Group put in about $1,656 per active participant, below the typical peer ($2,420). 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 | $57,145,479 |
| Participant (employee) contributions | $122,010,804 |
| Other contributions (incl. rollovers in) | $24,579,048 |
| Administrative expenses paid from the plan | $1,909,297 |
| Contract administrator fees | $5,700 |
| Investment advisory & management fees | $795,552 |
| Other admin expenses | $85,616 |
| Benefits paid out | $230,825,091 |
| Net assets, start / end of year | $1.7B / $1.9B |
| Active participants, start / end of year | 33,981 / 35,047 |
| Participants with account balances | 23,480 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Keiter |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,028,129 reported compensation |
| Strategic Advisors, Inc. | $795,552 reported compensation |
| Captrust | $85,616 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006094854NAL0001766419001, received 2025-10-06, EIN 84-0629503, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.