Herbruck Poultry Ranch, Inc. 401(k) Review & Grade
Herbruck Poultry Ranch, Inc. 401(k) Plan
Saranac, MIAgriculture, Forestry, Fishing & Hunting641 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$667Employer $ per active participant
$3,488Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$15.9MNet plan assets, end of year
$23,361Average balance per account
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 12th |
| Employee saving | 69th |
| 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
- Herbruck Poultry Ranch put in about $667 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.
- Direct plan expenses (0.74% 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 | $427,683 |
| Participant (employee) contributions | $2,235,884 |
| Other contributions (incl. rollovers in) | $110,064 |
| Administrative expenses paid from the plan | $107,424 |
| Investment advisory & management fees | $38,222 |
| Benefits paid out | $2,027,163 |
| Net assets, start / end of year | $13.3M / $15.9M |
| Active participants, start / end of year | 699 / 583 |
| Participants with account balances | 679 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frost, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $69,202 reported compensation |
| Stifel Nicolaus & Co Inc | $38,222 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006143947NAL0003808465001, received 2025-10-06, EIN 38-2573806, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.