National Beef Packing Company, LLC 401(k) Review & Grade
National Beef 401(k) Plan
Kansas City, MOManufacturing3,991 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,081Employer $ per active participant
$2,160Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$130.8MNet plan assets, end of year
$44,298Average balance per account
Score breakdown
- Employer generosity6.2 / 5012th percentile for employer $ per participant
- Low cost10.6 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 42th |
| Employee saving | 9th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,018 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- National Beef Packing Company put in about $1,081 per active participant, below the typical peer ($3,452). 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.
- 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 | $4,312,981 |
| Participant (employee) contributions | $8,619,752 |
| Other contributions (incl. rollovers in) | $1,124,636 |
| Administrative expenses paid from the plan | $192,332 |
| Investment advisory & management fees | $64,525 |
| Benefits paid out | $16,647,190 |
| Net assets, start / end of year | $117.0M / $130.8M |
| Active participants, start / end of year | 3,359 / 4,623 |
| Participants with account balances | 2,953 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pickett, Chaney & Mcmullen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $127,807 reported compensation |
| Strategic Advisors, Inc. | $64,525 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010104524NAL0007972305001, received 2025-10-10, EIN 48-1129505, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.