Downs Food Group Inc. 401(k) Review & Grade
Downs Food Group Collective Bargaining Plan
Mankato, MNManufacturing523 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$58Employer $ per active participant
$345Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$1.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.0 / 502th percentile for employer $ per participant
- Low cost2.5 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 10th |
| Employee saving | 1th |
| Peers that auto-enroll | 59% |
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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
- Downs Food Group put in about $58 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.79% 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 | $30,143 |
| Participant (employee) contributions | $180,186 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $8,118 |
| Benefits paid out | $123,261 |
| Net assets, start / end of year | $938,052 / $1.1M |
| Active participants, start / end of year | 610 / 436 |
| Participants with account balances | 166 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $8,118 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929154332NAL0005118323001, received 2025-09-29, EIN 45-4335765, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.