Pet Food Express, LLC 401(k) Review & Grade
Pet Food Express 401(k) Plan
Concord, CARetail Trade900 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$409Employer $ per active participant
$2,415Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$24.0MNet plan assets, end of year
$21,183Average balance per account
Score breakdown
- Employer generosity15.5 / 5031th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th 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: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 30th |
| Employee saving | 40th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,515 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pet Food Express put in about $409 per active participant, below the typical peer ($743). 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 (0.41% 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 | $367,749 |
| Participant (employee) contributions | $2,173,474 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $95,830 |
| Contract administrator fees | $51,676 |
| Investment advisory & management fees | $44,154 |
| Benefits paid out | $4,721,950 |
| Net assets, start / end of year | $23.2M / $24.0M |
| Active participants, start / end of year | 1,032 / 768 |
| Participants with account balances | 1,133 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $108,885 reported compensation |
| Mma Securities LLC | $44,154 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006082643NAL0006042080001, received 2025-10-06, EIN 94-3050346, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.