Major Food Group, LLC 401(k) Review & Grade
Major Food Group, LLC 401(k) Plan
New York, NYAccommodation & Food Services1,650 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$17Employer $ per active participant
$290Employee $ saved per active participant
0.96%Direct admin cost, % of plan assets
$517,825Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.6 / 509th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 7th |
| Employee saving | 18th |
| Peers that auto-enroll | 17% |
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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
- Major Food Group put in about $17 per active participant, below the typical peer ($266). 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 (0.96% 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 | $27,373 |
| Participant (employee) contributions | $478,805 |
| Other contributions (incl. rollovers in) | $26,819 |
| Administrative expenses paid from the plan | $4,992 |
| Benefits paid out | $219 |
| Net assets, start / end of year | $0 / $517,825 |
| Active participants, start / end of year | 1,605 / 1,694 |
| Participants with account balances | 232 |
| Auto-enrollment (feature code 2S) | Yes |
Largest service providers (Schedule C)
| Adp, Inc. | $4,991 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142003NAL0001491699001, received 2025-10-14, EIN 45-2773246, plan #001, plan year 2024-11-01 to 2024-12-31. Verify at efast.dol.gov.