New Columbia Fruit Packers, LLC 401(k) Review & Grade
New Columbia Fruit Packers, LLC 401(k) Retirement Plan
Wenatchee, WAAgriculture, Forestry, Fishing & Hunting1,102 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$109Employer $ per active participant
$600Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$7.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.0 / 506th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 13th |
| Employee saving | 14th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- New Columbia Fruit Packers put in about $109 per active participant, below the typical peer ($774). 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 (0.69% 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 | $120,371 |
| Participant (employee) contributions | $660,830 |
| Other contributions (incl. rollovers in) | $361,411 |
| Administrative expenses paid from the plan | $51,672 |
| Benefits paid out | $2,018,254 |
| Net assets, start / end of year | $7.5M / $7.4M |
| Active participants, start / end of year | 1,564 / 639 |
| Participants with account balances | 289 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cordell, Neher & Co. PLLC |
Largest service providers (Schedule C)
| Transamerica Life Ins Co | $24,085 reported compensation |
| Global Retirement Partners LLC | $17,642 reported compensation |
| Benefits2 Administrators LLC | $8,596 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010154705NAL0004386659001, received 2025-10-10, EIN 91-0906247, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.