Harris Farms, Inc. 401(k) Review & Grade
Harris Farms Savings and Investment Plan
Coalinga, CAAgriculture, Forestry, Fishing & Hunting1,241 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$561Employer $ per active participant
$1,065Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$35.8MNet plan assets, end of year
$42,280Average balance per account
Score breakdown
- Employer generosity17.5 / 5035th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 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 | 35th |
| Lower admin cost | 65th |
| Employee saving | 26th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $49,557 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Harris Farms put in about $561 per active participant, below the typical peer ($774). 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.
- 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.
- 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 | $696,648 |
| Participant (employee) contributions | $1,321,276 |
| Other contributions (incl. rollovers in) | $322,170 |
| Administrative expenses paid from the plan | $51,295 |
| Investment advisory & management fees | $643 |
| Other admin expenses | $400 |
| Benefits paid out | $7,113,918 |
| Net assets, start / end of year | $36.8M / $35.8M |
| Active participants, start / end of year | 1,273 / 1,209 |
| Participants with account balances | 846 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $51,295 reported compensation |
| Charles Schwab & Co., Inc | $122 reported compensation |
| Charles Schwab Trust Bank | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926164623NAL0010334544001, received 2025-09-26, EIN 94-1272509, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.