Simmons Foods, Inc. 401(k) Review & Grade
Simmons Foods, Inc. 401(k) Retirement and Trust Plan
Siloam Springs, ARManufacturing8,228 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,038Employer $ per active participant
$2,011Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$186.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 35th |
| Employee saving | 8th |
| 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
- Simmons Foods put in about $1,038 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 (0.20% 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 | $8,543,046 |
| Participant (employee) contributions | $16,546,842 |
| Other contributions (incl. rollovers in) | $4,042,281 |
| Administrative expenses paid from the plan | $341,846 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $71,769 |
| Benefits paid out | $18,062,703 |
| Net assets, start / end of year | $154.9M / $186.9M |
| Active participants, start / end of year | 7,323 / 9,134 |
| Participants with account balances | 3,654 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frost, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $270,077 reported compensation |
| Strategic Advisors, Inc. | $71,769 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827114950NAL0009531025001, received 2025-08-27, EIN 75-0995574, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.