Fresh Express Incorporated 401(k) Review & Grade
Fresh Express Plant Workers Savings and Investment Plan
Windermere, FLWholesale Trade580 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$349Employer $ per active participant
$874Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$6.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.7 / 505th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 50th |
| Employee saving | 3th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Fresh Express Incorporated put in about $349 per active participant, below the typical peer ($1,792). 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 | $202,588 |
| Participant (employee) contributions | $507,625 |
| Other contributions (incl. rollovers in) | $83,710 |
| Administrative expenses paid from the plan | $13,651 |
| Investment advisory & management fees | $1,694 |
| Other admin expenses | $1,811 |
| Benefits paid out | $552,677 |
| Net assets, start / end of year | $5.7M / $6.4M |
| Active participants, start / end of year | 518 / 643 |
| Participants with account balances | 212 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Bdo USA, LLP | $5,815 reported compensation |
| Empower Annuity Insurance Company O | $3,547 reported compensation |
| Ubs Financial Services Inc | $1,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014131741NAL0004046608001, received 2025-10-14, EIN 94-2591533, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.