Daily's Premium Meats, LLC 401(k) Review & Grade
Daily's Premium Meats Retirement Plan
Merriam, KSManufacturing1,210 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,304Employer $ per active participant
$1,930Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$23.1MNet plan assets, end of year
$13,747Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 81th |
| Employee saving | 11th |
| Peers that auto-enroll | 59% |
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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
- Daily's Premium Meats put in about $1,304 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.
- 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 | $1,576,827 |
| Participant (employee) contributions | $2,334,090 |
| Other contributions (incl. rollovers in) | $89,066 |
| Administrative expenses paid from the plan | $15,819 |
| Investment advisory & management fees | $3,770 |
| Benefits paid out | $3,903,844 |
| Net assets, start / end of year | $20.5M / $23.1M |
| Active participants, start / end of year | 1,146 / 1,273 |
| Participants with account balances | 1,677 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $12,049 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003142237NAL0001504609001, received 2025-10-03, EIN 47-1333499, plan #018, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.