B & G Food Enterprises of Texas, LLC 401(k) Review & Grade
B & G Food Enterprises, Inc. 401k Plan
Morgan City, LAAccommodation & Food Services1,190 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$337Employer $ per active participant
$580Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$7.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 72th |
| Employee saving | 35th |
| Peers that auto-enroll | 17% |
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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
- B & G Food Enterprises of Texas put in about $337 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.
- 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 | $401,211 |
| Participant (employee) contributions | $690,193 |
| Other contributions (incl. rollovers in) | $212,862 |
| Administrative expenses paid from the plan | $7,456 |
| Contract administrator fees | $7,456 |
| Benefits paid out | $420,203 |
| Net assets, start / end of year | $6.0M / $7.5M |
| Active participants, start / end of year | 1,238 / 1,143 |
| Participants with account balances | 173 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Darnall, Sikes & Frederick |
Largest service providers (Schedule C)
| The Haslauer Group Inc | $4,179 reported compensation |
| Principal Life Insurance Company | $3,306 reported compensation |
| LPL Financial | $146 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916152202NAL0002100465001, received 2025-09-16, EIN 72-1331858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.