Freshrealm, Inc. 401(k) Review & Grade
Freshrealm Retirement Plan
Lancaster, TXManufacturing1,199 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,185Employer $ per active participant
$2,465Employee $ saved per active participant
1.15%Direct admin cost, % of plan assets
$13.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 5th |
| Employee saving | 17th |
| 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
- Freshrealm put in about $1,185 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 (1.15% 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 | $1,420,359 |
| Participant (employee) contributions | $2,955,578 |
| Other contributions (incl. rollovers in) | $689,174 |
| Administrative expenses paid from the plan | $107,371 |
| Contract administrator fees | $107,371 |
| Benefits paid out | $2,512,399 |
| Net assets, start / end of year | $5.0M / $13.6M |
| Active participants, start / end of year | 1,297 / 1,101 |
| Participants with account balances | 554 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $94,246 reported compensation |
| Oppenheimer & Co Inc | $33,014 reported compensation |
| Adp, Inc. | $7,611 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007142040NAL0008309840001, received 2025-10-07, EIN 46-1778505, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.