Underwood Fruit and Warehouse Company, LLC 401(k) Review & Grade
Underwood Fruit and Warehouse Retirement Savings Plan
Yakima, WAAgriculture, Forestry, Fishing & Hunting778 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$497Employer $ per active participant
$910Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$10.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.2 / 5032th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 53th |
| Employee saving | 23th |
| Peers that auto-enroll | 36% |
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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
- Underwood Fruit and Warehouse Company put in about $497 per active participant, below the typical peer ($774). 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 | $386,064 |
| Participant (employee) contributions | $707,137 |
| Other contributions (incl. rollovers in) | $46,111 |
| Administrative expenses paid from the plan | $20,609 |
| Benefits paid out | $440,581 |
| Net assets, start / end of year | $9.1M / $10.7M |
| Active participants, start / end of year | 850 / 705 |
| Participants with account balances | 200 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $16,859 reported compensation |
| BBM Financial Services, Inc. DBA Al | $3,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006123601NAL0002058931001, received 2025-10-06, EIN 91-1179336, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.