The Campbell's Company 401(k) Review & Grade
The Campbell's Company 401(k) Retirement Plan
Camden, NJManufacturing13,782 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,177Employer $ per active participant
$6,407Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.2BNet plan assets, end of year
$110,507Average balance per account
Score breakdown
- Employer generosity23.7 / 5047th percentile for employer $ per participant
- Low cost18.8 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 75th |
| Employee saving | 34th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,976 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Campbell's put in about $5,177 per active participant, below the typical peer ($5,480). 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 | $71,347,072 |
| Participant (employee) contributions | $88,299,714 |
| Other contributions (incl. rollovers in) | $11,330,509 |
| Administrative expenses paid from the plan | $923,473 |
| Investment advisory & management fees | $118,589 |
| Other admin expenses | $5,280 |
| Benefits paid out | $276,278,160 |
| Net assets, start / end of year | $2.0B / $2.2B |
| Active participants, start / end of year | 13,999 / 13,566 |
| Participants with account balances | 19,506 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $81,523,960 |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $799,604 reported compensation |
| Nepc LLC | $118,589 reported compensation |
| Qdro Consultants | $5,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813141047NAL0004911539001, received 2025-08-13, EIN 21-0419870, plan #008, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.