Lipari Foods Operating Company, LLC 401(k) Review & Grade
Lipari Foods 401(k) Profit Sharing Plan
Warren, MIWholesale Trade2,480 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$912Employer $ per active participant
$3,202Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$70.3MNet plan assets, end of year
$29,030Average balance per account
Score breakdown
- Employer generosity10.5 / 5021th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 31th |
| Employee saving | 26th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $10,317 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lipari Foods Operating Company put in about $912 per active participant, below the typical peer ($1,792). 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 (0.39% 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 | $2,260,894 |
| Participant (employee) contributions | $7,938,800 |
| Other contributions (incl. rollovers in) | $844,535 |
| Administrative expenses paid from the plan | $256,394 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $47,466 |
| Benefits paid out | $10,060,346 |
| Net assets, start / end of year | $61.2M / $70.3M |
| Active participants, start / end of year | 1,961 / 2,998 |
| Participants with account balances | 2,423 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Retirement Plan Audit Services, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $208,928 reported compensation |
| Onedigital Investment Advisors LLC | $45,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014121054NAL0001326915001, received 2025-10-14, EIN 45-2850624, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.