Perdue Farms Inc 401(k) Review & Grade
The Perdue Savings Plan
Salisbury, MDAgriculture, Forestry, Fishing & Hunting19,172 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,180Employer $ per active participant
$2,015Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$708.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 46th |
| Employee saving | 28th |
| Peers that auto-enroll | 50% |
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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
- Perdue Farms put in about $1,180 per active participant, below the typical peer ($2,229). 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 | $22,621,251 |
| Participant (employee) contributions | $38,635,792 |
| Other contributions (incl. rollovers in) | $5,060,950 |
| Administrative expenses paid from the plan | $645,379 |
| Contract administrator fees | $505,101 |
| Investment advisory & management fees | $105,811 |
| Other admin expenses | $2,000 |
| Benefits paid out | $99,143,035 |
| Net assets, start / end of year | $661.9M / $708.4M |
| Active participants, start / end of year | 18,867 / 19,477 |
| Participants with account balances | 9,135 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Faw Casson & Co LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $595,627 reported compensation |
| Capfinancial Partners LLC | $105,811 reported compensation |
| Faw Casson | $21,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144056NAL0004260080001, received 2025-10-14, EIN 52-0888853, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.