Polly's, Inc. 401(k) Review & Grade
Our Gang Savings Incentive Plan
Placentia, CAAccommodation & Food Services742 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$80Employer $ per active participant
$473Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$7.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 66th |
| Employee saving | 29th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($48,961 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Polly's put in about $80 per active participant, below the typical peer ($266). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $59,336 |
| Participant (employee) contributions | $350,609 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $10,447 |
| Investment advisory & management fees | $1,487 |
| Benefits paid out | $549,647 |
| Net assets, start / end of year | $7.3M / $7.9M |
| Active participants, start / end of year | 642 / 841 |
| Participants with account balances | 132 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $8,960 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925000325NAL0007163889001, received 2025-09-25, EIN 95-3781318, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.