Beyond Meat, Inc. 401(k) Review & Grade
Beyond Meat 401(k) Plan
El Segundo, CAWholesale Trade622 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,427Employer $ per active participant
$6,575Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$29.0MNet plan assets, end of year
$32,985Average balance per account
Score breakdown
- Employer generosity39.5 / 5079th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 19th |
| Employee saving | 75th |
| Peers that auto-enroll | 53% |
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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
- Beyond Meat put in about $3,427 per active participant, more than the typical peer ($1,792). 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.
- Direct plan expenses (0.57% 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 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 | $2,130,027 |
| Participant (employee) contributions | $4,086,477 |
| Other contributions (incl. rollovers in) | $641,217 |
| Administrative expenses paid from the plan | $148,168 |
| Investment advisory & management fees | $7,109 |
| Other admin expenses | $35,531 |
| Benefits paid out | $4,147,174 |
| Net assets, start / end of year | $23.0M / $29.0M |
| Active participants, start / end of year | 571 / 672 |
| Participants with account balances | 878 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $93,028 reported compensation |
| Mercer Investments LLC | $35,531 reported compensation |
| Lee CPA Audit Group | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014170526NAL0006913442001, received 2025-10-14, EIN 26-4087597, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.