Washington Fruit & Produce Company 401(k) Review & Grade
Washington Fruit Retirement Savings Plan
Yakima, WAAgriculture, Forestry, Fishing & Hunting1,090 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$638Employer $ per active participant
$1,220Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 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 | 40th |
| Lower admin cost | 97th |
| Employee saving | 33th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,480 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Washington Fruit & Produce put in about $638 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $695,331 |
| Participant (employee) contributions | $1,330,774 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,795 |
| Other admin expenses | $1,795 |
| Benefits paid out | $279,883 |
| Net assets, start / end of year | $12.9M / $16.5M |
| Active participants, start / end of year | 1,156 / 1,025 |
| Participants with account balances | 314 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006110920NAL0009119522001, received 2025-10-06, EIN 91-0991414, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.