Daybreak Foods, Inc. 401(k) Review & Grade
Daybreak Foods Inc 401(k) Plan
Lake Mills, WIAgriculture, Forestry, Fishing & Hunting759 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$295Employer $ per active participant
$1,177Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$12.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.8 / 5020th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 94th |
| Employee saving | 32th |
| Peers that auto-enroll | 36% |
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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
- Daybreak Foods put in about $295 per active participant, below the typical peer ($774). 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.
- 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 | $224,037 |
| Participant (employee) contributions | $893,061 |
| Other contributions (incl. rollovers in) | $37,996 |
| Administrative expenses paid from the plan | $2,881 |
| Benefits paid out | $1,226,351 |
| Net assets, start / end of year | $11.1M / $12.4M |
| Active participants, start / end of year | 677 / 841 |
| Participants with account balances | 212 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frost PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $2,881 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140822NAL0003134178001, received 2025-10-13, EIN 39-1052651, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.