Tip Top Poultry, Inc. 401(k) Review & Grade
Tip Top Poultry, Inc. Retirement / Savings 401(k) Plan
Marietta, GAManufacturing1,237 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,017Employer $ per active participant
$1,824Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$22.3MNet plan assets, end of year
$18,902Average balance per account
Score breakdown
- Employer generosity8.6 / 5017th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 1510th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 19th |
| Employee saving | 10th |
| 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
- Tip Top Poultry put in about $1,017 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 (0.58% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,258,507 |
| Participant (employee) contributions | $2,256,308 |
| Other contributions (incl. rollovers in) | $81,819 |
| Administrative expenses paid from the plan | $120,440 |
| Contract administrator fees | $70,317 |
| Investment advisory & management fees | $50,123 |
| Benefits paid out | $2,961,081 |
| Net assets, start / end of year | $19.4M / $22.3M |
| Active participants, start / end of year | 1,232 / 1,242 |
| Participants with account balances | 1,178 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frost, LLC |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $70,317 reported compensation |
| Cambridge Wealth | $50,123 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003150225NAL0000869155001, received 2025-10-03, EIN 58-0702072, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.