Fresco Retail Group LLC 401(k) Review & Grade
Fresco 401(k) Plan
Hialeah, FLRetail Trade2,619 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$95Employer $ per active participant
$179Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$15.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.8 / 508th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 19th |
| Employee saving | 1th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($26,696 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Fresco Retail Group put in about $95 per active participant, below the typical peer ($650). 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 (0.35% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $249,367 |
| Participant (employee) contributions | $469,129 |
| Other contributions (incl. rollovers in) | $15,748,587 |
| Administrative expenses paid from the plan | $54,108 |
| Investment advisory & management fees | $18,481 |
| Benefits paid out | $1,412,922 |
| Net assets, start / end of year | $0 / $15.7M |
| Active participants, start / end of year | 2,927 / 2,311 |
| Participants with account balances | 370 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gemrt |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $35,627 reported compensation |
| Mma Securities | $18,466 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251205104115NAL0003519825001, received 2025-12-05, EIN 93-2588159, plan #001, plan year 2024-04-01 to 2024-12-31. Verify at efast.dol.gov.