Leprino Foods Company 401(k) Review & Grade
Leprino Foods Company Profit Sharing and 401(k) Plan
Denver, COManufacturing4,139 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,004Employer $ per active participant
$5,614Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$673.5MNet plan assets, end of year
$135,346Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1544th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 73th |
| Employee saving | 44th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,866 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Leprino Foods put in about $4,004 per active participant, more than the typical peer ($3,452). 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 | $16,570,564 |
| Participant (employee) contributions | $23,234,316 |
| Other contributions (incl. rollovers in) | $2,194,924 |
| Administrative expenses paid from the plan | $386,138 |
| Other admin expenses | $80,743 |
| Benefits paid out | $63,759,621 |
| Net assets, start / end of year | $621.3M / $673.5M |
| Active participants, start / end of year | 4,126 / 4,152 |
| Participants with account balances | 4,976 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brock and Company Cpas P.C |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $298,962 reported compensation |
| Cook Street Consulting | $58,155 reported compensation |
| Morgan Stanley | $19,587 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250827093301NAL0009236225001, received 2025-08-27, EIN 84-0500292, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.