Taylor Fresh Foods, Inc. 401(k) Review & Grade
Taylor Fresh Foods, Inc. 401(k) Plan
Salinas, CAManufacturing13,326 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$968Employer $ per active participant
$1,665Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$332.5MNet plan assets, end of year
$49,096Average balance per account
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 12th |
| Employee saving | 4th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $61 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Taylor Fresh Foods put in about $968 per active participant, below the typical peer ($5,480). 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 (0.26% of assets) are well above similar-size plans (0.09%). 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 | $12,896,697 |
| Participant (employee) contributions | $22,188,932 |
| Other contributions (incl. rollovers in) | $2,711,584 |
| Administrative expenses paid from the plan | $792,668 |
| Contract administrator fees | $792,668 |
| Benefits paid out | $20,318,942 |
| Net assets, start / end of year | $281.1M / $332.5M |
| Active participants, start / end of year | 12,990 / 13,662 |
| Participants with account balances | 6,773 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ahearn, Jasco + Company, P.A. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $792,283 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013152130NAL0001510625001, received 2025-10-13, EIN 93-1214572, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.