E.j. Del Monte Corporation 401(k) Review & Grade
Delmonte Hotel Group 401(k) Plan
Rochester, NYAccommodation & Food Services557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$774Employer $ per active participant
$2,014Employee $ saved per active participant
0.59%Direct admin cost, % of plan assets
$16.1MNet plan assets, end of year
$22,677Average balance per account
Score breakdown
- Employer generosity41.4 / 5083th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 18th |
| Employee saving | 84th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $794 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- E.j. Del Monte put in about $774 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 (0.59% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $431,202 |
| Participant (employee) contributions | $1,121,720 |
| Other contributions (incl. rollovers in) | $22,798 |
| Administrative expenses paid from the plan | $86,224 |
| Contract administrator fees | $71,754 |
| Investment advisory & management fees | $14,470 |
| Benefits paid out | $878,730 |
| Net assets, start / end of year | $13.2M / $16.1M |
| Active participants, start / end of year | 514 / 600 |
| Participants with account balances | 708 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonn, Dioguardi & Ray, LLP |
Largest service providers (Schedule C)
| Burke Group | $71,754 reported compensation |
| Wells Fargo Advisors, LLC | $14,470 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009132214NAL0003604307001, received 2025-10-09, EIN 16-0802314, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.