Seaboard Triumph Foods, LLC 401(k) Review & Grade
Retirement Savings Plan for Seaboard Triumph Foods - Management
Sioux City, IAManufacturing558 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,426Employer $ per active participant
$2,470Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$10.0MNet plan assets, end of year
$29,329Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 31th |
| Employee saving | 17th |
| 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
- Seaboard Triumph Foods put in about $1,426 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.
- Direct plan expenses (0.40% of assets) are well above similar-size plans (0.23%). 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 | $796,290 |
| Participant (employee) contributions | $1,379,627 |
| Other contributions (incl. rollovers in) | $310,148 |
| Administrative expenses paid from the plan | $37,153 |
| Investment advisory & management fees | $2,233 |
| Other admin expenses | $25 |
| Benefits paid out | $2,397,440 |
| Net assets, start / end of year | $8.8M / $10.0M |
| Active participants, start / end of year | 544 / 573 |
| Participants with account balances | 340 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Forvis | $18,634 reported compensation |
| Merrill Lynch, Pierce, Fenner and S | $16,261 reported compensation |
| Cbiz Investment Advisory Servics,ll | $2,233 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923133411NAL0005738993001, received 2025-09-23, EIN 47-4100663, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.