Schreiber Foods, Inc. 401(k) Review & Grade
Schreiber Foods, Inc. 401(k) Retirement Savings Plan
Green Bay, WIManufacturing6,896 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$133Employer $ per active participant
$6,762Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$672.0MNet plan assets, end of year
$88,160Average balance per account
Score breakdown
- Employer generosity0.9 / 502th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 67th |
| Employee saving | 57th |
| Peers that auto-enroll | 70% |
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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
- Schreiber Foods put in about $133 per active participant, below the typical peer ($3,452). 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.
- 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 | $916,023 |
| Participant (employee) contributions | $46,631,407 |
| Other contributions (incl. rollovers in) | $8,459,447 |
| Administrative expenses paid from the plan | $469,821 |
| Contract administrator fees | $447,817 |
| Benefits paid out | $90,276,197 |
| Net assets, start / end of year | $589.5M / $672.0M |
| Active participants, start / end of year | 6,919 / 6,874 |
| Participants with account balances | 7,622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $447,817 reported compensation |
| Wipfli LLP | $16,409 reported compensation |
| Reinhart Boerner Van Deuren S.C. | $5,595 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260615140221NAL0000060819001, received 2026-06-15, EIN 39-1017450, plan #005, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.