Pillen Family Farms, Inc. 401(k) Review & Grade
Pillen Family Farms, Inc. 401(k) Plan
Columbus, NEProfessional, Scientific & Technical Services918 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$313Employer $ per active participant
$1,211Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$26.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 36th |
| Employee saving | 6th |
| Peers that auto-enroll | 48% |
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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
- Pillen Family Farms put in about $313 per active participant, below the typical peer ($3,082). 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 | $286,971 |
| Participant (employee) contributions | $1,111,567 |
| Other contributions (incl. rollovers in) | $32,183 |
| Administrative expenses paid from the plan | $84,836 |
| Contract administrator fees | $49,569 |
| Investment advisory & management fees | $35,267 |
| Benefits paid out | $1,404,510 |
| Net assets, start / end of year | $23.4M / $26.5M |
| Active participants, start / end of year | 837 / 999 |
| Participants with account balances | 271 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| WCG Wealth Advisors LLC | $34,982 reported compensation |
| Newport Group, Inc. | $31,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715152905NAL0003262305001, received 2026-07-15, EIN 45-5245430, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.