Setton Pistachio of Terra Bella, Inc. 401(k) Review & Grade
Setton Pistachio of Terra Bella, Inc. 401(k) Plan
Commack, NYManufacturing688 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,054Employer $ per active participant
$2,942Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$28.9MNet plan assets, end of year
$40,652Average balance per account
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-18 pts3 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 21th |
| Employee saving | 22th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($439 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Auditor disclaimer: the auditor issued a disclaimer of opinion.
Corrective distributions: the plan refunded $20,785 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Setton Pistachio of Terra Bella put in about $1,054 per active participant, below the typical peer ($2,320). 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 (0.54% 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 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 | $725,894 |
| Participant (employee) contributions | $2,025,600 |
| Other contributions (incl. rollovers in) | $17,987 |
| Administrative expenses paid from the plan | $145,975 |
| Contract administrator fees | $145,975 |
| Benefits paid out | $1,999,856 |
| Net assets, start / end of year | $25.1M / $28.9M |
| Active participants, start / end of year | 712 / 665 |
| Participants with account balances | 711 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brad S. Rosenberg, CPA |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010143315NAL0004334659001, received 2025-10-10, EIN 77-0407020, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.