Relish Labs LLC DBA Home Chef 401(k) Review & Grade
Home Chef 401(k) Plan
Chicago, ILManufacturing2,944 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$624Employer $ per active participant
$1,311Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$27.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost2.9 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 11th |
| Employee saving | 3th |
| Peers that auto-enroll | 70% |
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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
- Relish Labs LLC DBA Home Chef put in about $624 per active participant, below the typical peer ($3,452). 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.
- Direct plan expenses (0.54% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,837,513 |
| Participant (employee) contributions | $3,858,574 |
| Other contributions (incl. rollovers in) | $830,631 |
| Administrative expenses paid from the plan | $128,116 |
| Investment advisory & management fees | $14,721 |
| Benefits paid out | $2,241,857 |
| Net assets, start / end of year | $20.0M / $27.5M |
| Active participants, start / end of year | 2,085 / 3,802 |
| Participants with account balances | 716 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $113,395 reported compensation |
| Strategic Advisors, Inc. | $14,721 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008101015NAL0009173616001, received 2025-10-08, EIN 46-3043362, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.