Grimmway Enterprises, Inc. 401(k) Review & Grade
Grimmway Enterprises 401(k) Plan
Arvin, CAAgriculture, Forestry, Fishing & Hunting2,338 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,252Employer $ per active participant
$2,414Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$76.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost6.9 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 27th |
| Employee saving | 56th |
| Peers that auto-enroll | 36% |
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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
- Grimmway Enterprises put in about $1,252 per active participant, more than the typical peer ($774). 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 (0.44% 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 | $2,927,948 |
| Participant (employee) contributions | $5,643,156 |
| Other contributions (incl. rollovers in) | $314,547 |
| Administrative expenses paid from the plan | $293,877 |
| Contract administrator fees | $199,198 |
| Benefits paid out | $7,170,912 |
| Net assets, start / end of year | $58.7M / $76.0M |
| Active participants, start / end of year | 2,379 / 2,297 |
| Participants with account balances | 1,125 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $199,197 reported compensation |
| Morgan Stanley - Advisory Fee Billi | $94,679 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916113128NAL0002452560001, received 2025-09-16, EIN 77-0325482, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.