Griffith Foods Group, Inc. 401(k) Review & Grade
Griffith Supplemental Retirement & Savings Plan
Alsip, ILManufacturing861 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,165Employer $ per active participant
$8,971Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$261.5MNet plan assets, end of year
$211,757Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 81th |
| Employee saving | 86th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $519 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Griffith Foods Group put in about $9,165 per active participant, more than the typical peer ($2,320). 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 | $7,890,991 |
| Participant (employee) contributions | $7,724,120 |
| Other contributions (incl. rollovers in) | $4,726,710 |
| Administrative expenses paid from the plan | $184,574 |
| Contract administrator fees | $104,120 |
| Investment advisory & management fees | $21,313 |
| Benefits paid out | $42,189,929 |
| Net assets, start / end of year | $240.9M / $261.5M |
| Active participants, start / end of year | 863 / 859 |
| Participants with account balances | 1,235 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith & Cull, LTD. |
| Employer stock held by plan | $100,164,896 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $104,120 reported compensation |
| Usi Consulting Group | $59,141 reported compensation |
| Raymond James & Associates Inc. | $22,267 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112421NAL0007603073001, received 2025-10-10, EIN 36-1170680, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.