Snak-King LLC 401(k) Review & Grade
Snak-King LLC 401(k) Profit Sharing Plan
Industry, CAManufacturing515 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$170Employer $ per active participant
$1,331Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$13.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.4 / 503th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 22th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,274 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Snak-King put in about $170 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 (0.52% 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.
- 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 | $87,727 |
| Participant (employee) contributions | $685,413 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $68,304 |
| Investment advisory & management fees | $33,122 |
| Benefits paid out | $1,483,610 |
| Net assets, start / end of year | $12.8M / $13.6M |
| Active participants, start / end of year | 515 / 515 |
| Participants with account balances | 180 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $35,182 reported compensation |
| Raymond James & Associates Inc | $27,814 reported compensation |
| Ubs Financial Services Inc | $5,308 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929180541NAL0005174339001, received 2025-09-29, EIN 95-3498825, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.