Seaboard Triumph Foods, LLC 401(k) Review & Grade
Retirement Savings Plan for Seaboard Triumph Foods
Sioux City, IAManufacturing2,756 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$202Employer $ per active participant
$549Employee $ saved per active participant
0.79%Direct admin cost, % of plan assets
$5.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.2 / 502th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score13 / 100 · Grade F
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 | 7th |
| Employee saving | 1th |
| 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
- Seaboard Triumph Foods put in about $202 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.
- Direct plan expenses (0.79% of assets) are well above similar-size plans (0.12%). 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 | $557,110 |
| Participant (employee) contributions | $1,512,375 |
| Other contributions (incl. rollovers in) | $66,962 |
| Administrative expenses paid from the plan | $38,061 |
| Investment advisory & management fees | $18,634 |
| Other admin expenses | $1,039 |
| Benefits paid out | $770,676 |
| Net assets, start / end of year | $3.9M / $5.7M |
| Active participants, start / end of year | 2,355 / 3,156 |
| Participants with account balances | 430 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Forvis | $18,634 reported compensation |
| Merrill Lynch, Pierce, Fenner and S | $18,388 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923133718NAL0008093203001, received 2025-09-23, EIN 47-4100663, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.