Mastronardi Produce - USA Inc. 401(k) Review & Grade
Mastronardi Produce - USA 401(k) Plan
Livonia, MIAgriculture, Forestry, Fishing & Hunting2,325 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$230Employer $ per active participant
$1,026Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$17.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.7 / 5015th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 15th |
| Lower admin cost | 15th |
| Employee saving | 26th |
| Peers that auto-enroll | 36% |
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Red flags from the filing
Corrective distributions: the plan refunded $100,065 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mastronardi Produce - USA put in about $230 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.
- Direct plan expenses (0.66% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $533,723 |
| Participant (employee) contributions | $2,386,191 |
| Other contributions (incl. rollovers in) | $1,402,995 |
| Administrative expenses paid from the plan | $101,868 |
| Investment advisory & management fees | $42,655 |
| Benefits paid out | $2,334,776 |
| Net assets, start / end of year | $13.7M / $17.3M |
| Active participants, start / end of year | 1,864 / 2,786 |
| Participants with account balances | 534 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdmp Assurance,llp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $59,213 reported compensation |
| Venture Visionary Partners LLC | $34,250 reported compensation |
| Strategic Advisors, Inc. | $8,406 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014122841NAL0001344771001, received 2025-10-14, EIN 20-3902640, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.