Quality Pork Processors, Incorporated 401(k) Review & Grade
Quality Select 401(k) Plan
Dallas, TXAgriculture, Forestry, Fishing & Hunting1,408 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$947Employer $ per active participant
$1,413Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$28.0MNet plan assets, end of year
$29,488Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 66th |
| Employee saving | 40th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($42,821 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Quality Pork Processors, Incorporated put in about $947 per active participant, more than the typical peer ($774). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,332,710 |
| Participant (employee) contributions | $1,988,296 |
| Other contributions (incl. rollovers in) | $5,499 |
| Administrative expenses paid from the plan | $35,941 |
| Benefits paid out | $3,241,907 |
| Net assets, start / end of year | $24.7M / $28.0M |
| Active participants, start / end of year | 1,393 / 1,422 |
| Participants with account balances | 950 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Watson Financial, LLC |
Largest service providers (Schedule C)
| Armanino, LLP | $52,013 reported compensation |
| Cambridge Investment Research Inc. | $42,304 reported compensation |
| Empower Annuity Insurance Co | $35,680 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014075038NAL0002355697001, received 2025-10-14, EIN 75-2199109, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.