Allen Harim Foods, LLC 401(k) Review & Grade
The Allen Harim Group 401(k) Plan
Millsboro, DEAgriculture, Forestry, Fishing & Hunting1,256 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$434Employer $ per active participant
$781Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$16.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 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 | 31th |
| Lower admin cost | 51th |
| Employee saving | 20th |
| 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
- Allen Harim Foods put in about $434 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 | $545,288 |
| Participant (employee) contributions | $980,880 |
| Other contributions (incl. rollovers in) | $8,485 |
| Administrative expenses paid from the plan | $38,714 |
| Contract administrator fees | $6,284 |
| Benefits paid out | $4,504,101 |
| Net assets, start / end of year | $18.1M / $16.8M |
| Active participants, start / end of year | 1,248 / 1,263 |
| Participants with account balances | 433 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Faw, Casson & Co., LLP |
Largest service providers (Schedule C)
| Newport Group, Inc. | $36,311 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006094618NAL0008580162001, received 2025-10-06, EIN 45-3024902, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.