O.k. Foods, Inc. 401(k) Review & Grade
Retirement Savings Plan of O. K. Foods, Inc.
Fort Smith, ARManufacturing3,334 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$496Employer $ per active participant
$946Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$42.4MNet plan assets, end of year
$24,245Average balance per account
Score breakdown
- Employer generosity2.6 / 505th percentile for employer $ per participant
- Low cost5.4 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
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 | 5th |
| Lower admin cost | 21th |
| Employee saving | 2th |
| Peers that auto-enroll | 70% |
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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
- O.k. Foods put in about $496 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.
- Direct plan expenses (0.31% of assets) are well above similar-size plans (0.12%). 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 | $1,653,242 |
| Participant (employee) contributions | $3,155,086 |
| Other contributions (incl. rollovers in) | $507,436 |
| Administrative expenses paid from the plan | $128,038 |
| Contract administrator fees | $128,038 |
| Benefits paid out | $6,797,518 |
| Net assets, start / end of year | $39.3M / $42.4M |
| Active participants, start / end of year | 3,390 / 3,278 |
| Participants with account balances | 1,749 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frost PLLC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $176,247 reported compensation |
| Sowell Financial Services, LLC | $44,825 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001130104NAL0013251553001, received 2025-10-01, EIN 71-0309661, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.