Avi Foodsystems, Inc. 401(k) Review & Grade
Avi Foodsystems, Inc. 401(k) Plan a
Warren, OHAccommodation & Food Services1,076 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$296Employer $ per active participant
$548Employee $ saved per active participant
0.87%Direct admin cost, % of plan assets
$5.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.1 / 5052th percentile for employer $ per participant
- Low cost2.1 / 259th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 9th |
| Employee saving | 33th |
| Peers that auto-enroll | 17% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Avi Foodsystems put in about $296 per active participant, more than the typical peer ($266). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.87% 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.
- 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 | $318,500 |
| Participant (employee) contributions | $589,601 |
| Other contributions (incl. rollovers in) | $60,778 |
| Administrative expenses paid from the plan | $47,766 |
| Contract administrator fees | $39,576 |
| Investment advisory & management fees | $8,190 |
| Benefits paid out | $1,004,805 |
| Net assets, start / end of year | $5.3M / $5.7M |
| Active participants, start / end of year | 1,082 / 1,071 |
| Participants with account balances | 315 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hill, Barth & King LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $39,576 reported compensation |
| Usi Advisors, Inc. | $8,195 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151536NAL0002550496001, received 2025-10-03, EIN 34-0939177, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.