Bergey's Incorporated 401(k) Review & Grade
Bergey's Incorporated 401(k) Profit Sharing Plan
Souderton, PARetail Trade1,568 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,539Employer $ per active participant
$4,310Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$127.1MNet plan assets, end of year
$63,705Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 54th |
| Employee saving | 71th |
| Peers that auto-enroll | 48% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($567 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Bergey's Incorporated put in about $1,539 per active participant, more than the typical peer ($743). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,412,607 |
| Participant (employee) contributions | $6,756,227 |
| Other contributions (incl. rollovers in) | $4,206,977 |
| Administrative expenses paid from the plan | $237,065 |
| Contract administrator fees | $123,855 |
| Investment advisory & management fees | $40,032 |
| Benefits paid out | $7,996,564 |
| Net assets, start / end of year | $106.6M / $127.1M |
| Active participants, start / end of year | 1,567 / 1,568 |
| Participants with account balances | 1,995 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boyer & Ritter LLC |
Largest service providers (Schedule C)
| Newport Group, Inc. | $160,140 reported compensation |
| The Centurion Group, LLC | $40,032 reported compensation |
| Newport Trust Company | $36,893 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002135904NAL0000346243001, received 2025-10-02, EIN 23-1929243, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.