J & J Snack Foods Corp. 401(k) Review & Grade
J & J Snack Foods Corp. 401(k) Profit Sharing Plan
MT Laurel, NJManufacturing4,643 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$759Employer $ per active participant
$1,762Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$176.0MNet plan assets, end of year
$74,306Average balance per account
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 21th |
| Employee saving | 5th |
| Peers that auto-enroll | 70% |
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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 ($347,840 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $28,591 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- J & J Snack Foods put in about $759 per active participant, below the typical peer ($3,452). 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 (0.32% 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 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 | $3,522,424 |
| Participant (employee) contributions | $8,182,550 |
| Other contributions (incl. rollovers in) | $907,702 |
| Administrative expenses paid from the plan | $548,768 |
| Investment advisory & management fees | $178,773 |
| Other admin expenses | $29,274 |
| Benefits paid out | $17,503,241 |
| Net assets, start / end of year | $163.6M / $176.0M |
| Active participants, start / end of year | 4,763 / 4,523 |
| Participants with account balances | 2,369 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton |
| Employer stock held by plan | $17,992,176 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $320,337 reported compensation |
| Ubs Financial Services Inc | $147,705 reported compensation |
| Capfinancial Partners LLC DBA Captr | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250708111631NAL0002206531001, received 2025-07-08, EIN 22-1935537, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.