Mccall Farms, Inc. 401(k) Review & Grade
Mccall Farms, Inc. 401(k) Retirement Savings Plan
Effingham, SCManufacturing816 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,298Employer $ per active participant
$2,507Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$20.1MNet plan assets, end of year
$47,183Average balance per account
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 14th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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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
- Mccall Farms put in about $1,298 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.
- Direct plan expenses (0.67% 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.
- 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 | $1,059,652 |
| Participant (employee) contributions | $2,046,642 |
| Other contributions (incl. rollovers in) | $363,520 |
| Administrative expenses paid from the plan | $123,158 |
| Investment advisory & management fees | $56,319 |
| Benefits paid out | $2,193,147 |
| Net assets, start / end of year | $16.8M / $20.1M |
| Active participants, start / end of year | 887 / 746 |
| Participants with account balances | 427 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $66,838 reported compensation |
| Kestra Advisory Services | $56,319 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929050356NAL0004876419001, received 2025-09-29, EIN 57-0363473, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.