Peer Foods Group, Inc. 401(k) Review & Grade
Peer Foods Group, Inc. Profit Sharing and 401(k) Plan
Chicago, ILManufacturing674 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$841Employer $ per active participant
$823Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$15.9MNet plan assets, end of year
$30,497Average balance per account
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 90th |
| Employee saving | 3th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $41,982 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Peer Foods Group put in about $841 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.
- 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.
- 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 | $566,354 |
| Participant (employee) contributions | $554,521 |
| Other contributions (incl. rollovers in) | $83,247 |
| Administrative expenses paid from the plan | $6,375 |
| Benefits paid out | $898,676 |
| Net assets, start / end of year | $14.1M / $15.9M |
| Active participants, start / end of year | 591 / 756 |
| Participants with account balances | 522 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Warady & Davis LLP |
Largest service providers (Schedule C)
| LPL Financial LLC | $30,621 reported compensation |
| Fidelity Investments Institutional | $6,375 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010152132NAL0007938497001, received 2025-10-10, EIN 36-0851490, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.