Affiliated Foods, Inc. 401(k) Review & Grade
Affiliated Foods, Inc. Profit Sharing Plan
Amarillo, TXWholesale Trade1,009 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,750Employer $ per active participant
$2,274Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$50.4MNet plan assets, end of year
$39,147Average balance per account
Score breakdown
- Employer generosity24.3 / 5049th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 23th |
| Employee saving | 14th |
| 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
- Affiliated Foods put in about $1,750 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 (0.51% 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 | $1,765,642 |
| Participant (employee) contributions | $2,294,786 |
| Other contributions (incl. rollovers in) | $12,350 |
| Administrative expenses paid from the plan | $240,422 |
| Contract administrator fees | $216,317 |
| Benefits paid out | $3,840,702 |
| Net assets, start / end of year | $44.8M / $50.4M |
| Active participants, start / end of year | 1,090 / 928 |
| Participants with account balances | 1,287 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Johnson & Sheldon PLLC |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $21,963 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013170431NAL0000856979001, received 2025-10-13, EIN 75-1286922, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.