The Neil Jones Food Company 401(k) Review & Grade
The Neil Jones Food Company Union Employees 401(k) Plan
Vancouver, WAManufacturing662 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$372Employer $ per active participant
$1,053Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$15.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.4 / 505th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 61th |
| Employee saving | 3th |
| 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
- Neil Jones Food put in about $372 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.
- 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 | $246,209 |
| Participant (employee) contributions | $697,834 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $24,402 |
| Contract administrator fees | $2,450 |
| Investment advisory & management fees | $19,150 |
| Benefits paid out | $1,501,017 |
| Net assets, start / end of year | $14.4M / $15.5M |
| Active participants, start / end of year | 674 / 651 |
| Participants with account balances | 327 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Worthy & Company, LLC |
Largest service providers (Schedule C)
| Adp, Inc. | $13,570 reported compensation |
| Morgan Stanley Smith Barney | $8,381 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120949NAL0002381027001, received 2025-10-15, EIN 93-0238209, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.