Kens Foods, Inc 401(k) Review & Grade
Ken's Foods, Inc. Employee Thrift Plan
Marlboro, MAManufacturing1,608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,506Employer $ per active participant
$3,913Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$124.4MNet plan assets, end of year
$107,291Average balance per account
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 52th |
| Employee saving | 35th |
| 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
- Kens Foods put in about $2,506 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 | $4,028,373 |
| Participant (employee) contributions | $6,290,467 |
| Other contributions (incl. rollovers in) | $490,638 |
| Administrative expenses paid from the plan | $247,005 |
| Other admin expenses | $247,005 |
| Benefits paid out | $9,657,834 |
| Net assets, start / end of year | $108.8M / $124.4M |
| Active participants, start / end of year | 1,564 / 1,651 |
| Participants with account balances | 1,159 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $0 reported compensation |
| RPW Solutions | $0 reported compensation |
| Summit Financial Corporation | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131101NAL0004939553002, received 2025-10-15, EIN 04-2235187, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.