Avi Foodsystems Inc 401(k) Review & Grade
Avi Foodsystems, Inc. 401(k) Retirement Savings Plan
Warren, OHAccommodation & Food Services4,346 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$348Employer $ per active participant
$1,301Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$97.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 26th |
| Employee saving | 70th |
| Peers that auto-enroll | 15% |
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Red flags from the filing
Corrective distributions: the plan refunded $134,317 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avi Foodsystems put in about $348 per active participant, more than the typical peer ($244). 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 (0.27% of assets) are well above similar-size plans (0.12%). 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 | $1,513,272 |
| Participant (employee) contributions | $5,655,629 |
| Other contributions (incl. rollovers in) | $331,988 |
| Administrative expenses paid from the plan | $251,124 |
| Contract administrator fees | $218,373 |
| Investment advisory & management fees | $32,751 |
| Benefits paid out | $11,046,310 |
| Net assets, start / end of year | $89.7M / $97.8M |
| Active participants, start / end of year | 4,420 / 4,271 |
| Participants with account balances | 1,876 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hill, Barth & King LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $218,372 reported compensation |
| Usi Advisors, Inc. | $32,781 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003151959NAL0002526272001, received 2025-10-03, EIN 34-0939177, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.