Pilgrim's Pride Corporation 401(k) Review & Grade
Pilgrim's Pride Retirement Savings Plan
Greeley, COManufacturing35,404 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$230Employer $ per active participant
$770Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$478.2MNet plan assets, end of year
$22,323Average balance per account
Score breakdown
- Employer generosity1.0 / 502th percentile for employer $ per participant
- Low cost8.7 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 35th |
| Employee saving | 1th |
| Peers that auto-enroll | 69% |
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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
- Pilgrim's Pride put in about $230 per active participant, below the typical peer ($5,480). 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 | $8,125,731 |
| Participant (employee) contributions | $27,257,859 |
| Other contributions (incl. rollovers in) | $4,467,426 |
| Administrative expenses paid from the plan | $577,574 |
| Investment advisory & management fees | $187,005 |
| Benefits paid out | $46,622,685 |
| Net assets, start / end of year | $431.4M / $478.2M |
| Active participants, start / end of year | 31,536 / 39,273 |
| Participants with account balances | 21,423 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
| Employer stock held by plan | $8,097,046 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $344,789 reported compensation |
| Empower Advisory Group, LLC | $174,505 reported compensation |
| Fedex Kinkos | $31,343 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910165243NAL0021348305001, received 2025-09-10, EIN 75-1285071, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.