Fresh Mark, Inc. 401(k) Review & Grade
The Fresh Mark, Inc. Hourly Pension Plan
Massillon, OHManufacturing1,834 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$222Employer $ per active participant
$477Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$22.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.6 / 503th percentile for employer $ per participant
- Low cost21.9 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 87th |
| Employee saving | 1th |
| 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
- Fresh Mark put in about $222 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.
- 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 | $407,589 |
| Participant (employee) contributions | $875,070 |
| Other contributions (incl. rollovers in) | $48,399 |
| Administrative expenses paid from the plan | $10,666 |
| Benefits paid out | $2,067,635 |
| Net assets, start / end of year | $20.4M / $22.4M |
| Active participants, start / end of year | 1,739 / 1,930 |
| Participants with account balances | 661 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $12,496 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001123138NAL0013211169001, received 2025-10-01, EIN 34-0565220, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.