Shamrock Foods Company 401(k) Review & Grade
Shamrock Foods Company 401(k) Plan and Trust
Phoenix, AZWholesale Trade5,590 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,670Employer $ per active participant
$6,313Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$454.8MNet plan assets, end of year
$62,551Average balance per account
Score breakdown
- Employer generosity35.3 / 5071th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 40th |
| Employee saving | 68th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $508 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Shamrock Foods put in about $3,670 per active participant, more than the typical peer ($2,459). 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 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 | $20,510,987 |
| Participant (employee) contributions | $35,283,877 |
| Other contributions (incl. rollovers in) | $4,879,309 |
| Administrative expenses paid from the plan | $725,151 |
| Contract administrator fees | $3,600 |
| Investment advisory & management fees | $235,410 |
| Benefits paid out | $53,461,718 |
| Net assets, start / end of year | $393.2M / $454.8M |
| Active participants, start / end of year | 5,194 / 5,985 |
| Participants with account balances | 7,271 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $475,886 reported compensation |
| Mercer Global Advisors | $210,410 reported compensation |
| Capfinancial Partners, LLC | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125225NAL0002875090001, received 2025-10-13, EIN 86-0209968, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.