Acxion Foodservice Inc. 401(k) Review & Grade
Acxion Foodservice Inc. 401(k) Plan
Odenton, MDWholesale Trade665 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$891Employer $ per active participant
$6,805Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$45.8MNet plan assets, end of year
$46,152Average balance per account
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 33th |
| Employee saving | 77th |
| Peers that auto-enroll | 53% |
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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
- Acxion Foodservice put in about $891 per active participant, below the typical peer ($1,792). 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 (0.38% 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 | $592,720 |
| Participant (employee) contributions | $4,525,607 |
| Other contributions (incl. rollovers in) | $4,324,891 |
| Administrative expenses paid from the plan | $175,919 |
| Contract administrator fees | $121,579 |
| Investment advisory & management fees | $54,340 |
| Benefits paid out | $16,853,091 |
| Net assets, start / end of year | $47.6M / $45.8M |
| Active participants, start / end of year | 517 / 813 |
| Participants with account balances | 992 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $121,579 reported compensation |
| One Digital Investment Advisors | $52,029 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015191928NAL0007154576001, received 2025-10-15, EIN 52-1272211, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.