Ocean Spray Cranberries, Inc. 401(k) Review & Grade
Savings Plan for Hourly Employees of Ocean Spray Cranberries, Inc.
Lakeville Middleboro, MAManufacturing994 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,837Employer $ per active participant
$5,306Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$105.4MNet plan assets, end of year
$87,110Average balance per account
Score breakdown
- Employer generosity36.5 / 5073th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 83th |
| Employee saving | 56th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $2,798 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ocean Spray Cranberries put in about $3,837 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $3,813,914 |
| Participant (employee) contributions | $5,273,801 |
| Other contributions (incl. rollovers in) | $593,042 |
| Administrative expenses paid from the plan | $64,867 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $29,291 |
| Benefits paid out | $14,085,414 |
| Net assets, start / end of year | $96.2M / $105.4M |
| Active participants, start / end of year | 1,001 / 987 |
| Participants with account balances | 1,210 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpa's PC |
Largest service providers (Schedule C)
| Cbiz Cpa's PC | $37,325 reported compensation |
| Strategic Advisors, Inc. | $29,291 reported compensation |
| Fidelity Investments Institutional | −$1,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164655NAL0005456705001, received 2025-10-15, EIN 04-1215610, plan #007, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.