Koch Foods, Inc. 401(k) Review & Grade
Koch Meat Co., Inc. 401(k) Plan
Park Ridge, ILAgriculture, Forestry, Fishing & Hunting6,932 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$671Employer $ per active participant
$1,154Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$101.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 28th |
| Employee saving | 16th |
| Peers that auto-enroll | 52% |
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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
- Koch Foods put in about $671 per active participant, below the typical peer ($2,062). 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 (0.25% of assets) are well above similar-size plans (0.12%). 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 | $4,649,715 |
| Participant (employee) contributions | $8,002,965 |
| Other contributions (incl. rollovers in) | $327,217 |
| Administrative expenses paid from the plan | $230,191 |
| Contract administrator fees | $230,191 |
| Benefits paid out | $6,358,778 |
| Net assets, start / end of year | $84.4M / $101.5M |
| Active participants, start / end of year | 6,818 / 7,046 |
| Participants with account balances | 2,450 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fgmk LLC |
Largest service providers (Schedule C)
| Ascensus LLC | $230,191 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009144426NAL0011682080001, received 2025-10-09, EIN 36-2924281, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.