Pet Food Experts, Inc. 401(k) Review & Grade
Pet Food Experts, Inc. 401(k) and Profit Sharing Plan
Pawtucket, RIWholesale Trade713 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,612Employer $ per active participant
$2,647Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$26.0MNet plan assets, end of year
$32,072Average balance per account
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 14th |
| Employee saving | 18th |
| Peers that auto-enroll | 53% |
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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
- Pet Food Experts put in about $1,612 per active participant, below the typical peer ($1,792). 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 (0.68% 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.
- 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 | $1,149,525 |
| Participant (employee) contributions | $1,887,349 |
| Other contributions (incl. rollovers in) | $1,150,265 |
| Administrative expenses paid from the plan | $163,168 |
| Contract administrator fees | $78,396 |
| Investment advisory & management fees | $84,772 |
| Benefits paid out | $2,759,295 |
| Net assets, start / end of year | $21.8M / $26.0M |
| Active participants, start / end of year | 772 / 654 |
| Participants with account balances | 811 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray Hunter Stenn LLP |
Largest service providers (Schedule C)
| Capital Wealth Management, Inc | $84,772 reported compensation |
| Bpas | $78,396 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006134217NAL0003483537001, received 2025-10-06, EIN 05-0444999, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.