Stratas Foods LLC 401(k) Review & Grade
Stratas Foods LLC Retirement Plan
Cordova, TNManufacturing896 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,229Employer $ per active participant
$4,303Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$82.8MNet plan assets, end of year
$81,087Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 50th |
| Employee saving | 41th |
| 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
- Stratas Foods put in about $4,229 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $3,789,424 |
| Participant (employee) contributions | $3,855,735 |
| Other contributions (incl. rollovers in) | $317,941 |
| Administrative expenses paid from the plan | $173,397 |
| Contract administrator fees | $69,287 |
| Investment advisory & management fees | $52,867 |
| Benefits paid out | $6,319,757 |
| Net assets, start / end of year | $70.9M / $82.8M |
| Active participants, start / end of year | 789 / 1,003 |
| Participants with account balances | 1,021 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fgmk, LLC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services, L | $54,129 reported compensation |
| Voya Retirement Advisors, LLC | $30,231 reported compensation |
| Creative Planning | $14,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010100402NAL0004127907001, received 2025-10-10, EIN 90-0426828, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.