Maple Leaf Farms, Inc. 401(k) Review & Grade
Maple Leaf Farms, Inc. 401(k) Savings and Retirement Plan
Leesburg, INManufacturing614 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,756Employer $ per active participant
$3,418Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$63.4MNet plan assets, end of year
$106,011Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 79th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Maple Leaf Farms put in about $1,756 per active participant, below the typical peer ($2,320). 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.
- 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.
- 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 | $1,078,947 |
| Participant (employee) contributions | $2,100,495 |
| Other contributions (incl. rollovers in) | $309,236 |
| Administrative expenses paid from the plan | $47,187 |
| Investment advisory & management fees | $38,274 |
| Benefits paid out | $4,171,355 |
| Net assets, start / end of year | $56.5M / $63.4M |
| Active participants, start / end of year | 736 / 493 |
| Participants with account balances | 598 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group, LLC | $38,274 reported compensation |
| Empower Annuity Insurance Company O | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009091511NAL0006739553001, received 2025-10-09, EIN 35-1060186, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.