Case Foods, Inc. 401(k) Review & Grade
Case Farms 401(k) Plan
Troutman, NCAgriculture, Forestry, Fishing & Hunting3,068 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$580Employer $ per active participant
$1,062Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$46.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 30th |
| Employee saving | 14th |
| Peers that auto-enroll | 52% |
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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
- Case Foods put in about $580 per active participant, below the typical peer ($2,062). 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 (0.23% of assets) are well above similar-size plans (0.12%). 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 | $1,780,490 |
| Participant (employee) contributions | $3,258,767 |
| Other contributions (incl. rollovers in) | $238,669 |
| Administrative expenses paid from the plan | $98,443 |
| Contract administrator fees | $98,282 |
| Other admin expenses | $161 |
| Benefits paid out | $2,962,305 |
| Net assets, start / end of year | $39.2M / $46.7M |
| Active participants, start / end of year | 2,838 / 3,298 |
| Participants with account balances | 822 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frost, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $98,282 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724105037NAL0002400643001, received 2025-07-24, EIN 52-1702529, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.