Refresco Beverages US Inc. 401(k) Review & Grade
The Refresco USA 401(k) Savings & Retirement Plan
Tampa, FLManufacturing4,827 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,514Employer $ per active participant
$3,359Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$216.8MNet plan assets, end of year
$40,107Average balance per account
Score breakdown
- Employer generosity9.3 / 5019th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 27th |
| Employee saving | 18th |
| Peers that auto-enroll | 70% |
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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
- Refresco Beverages US put in about $1,514 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 (0.26% 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.
- 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 | $7,305,957 |
| Participant (employee) contributions | $16,213,994 |
| Other contributions (incl. rollovers in) | $6,718,399 |
| Administrative expenses paid from the plan | $545,277 |
| Contract administrator fees | $545,277 |
| Benefits paid out | $45,528,481 |
| Net assets, start / end of year | $207.7M / $216.8M |
| Active participants, start / end of year | 5,064 / 4,590 |
| Participants with account balances | 5,406 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| John Hancock | $277,546 reported compensation |
| Sageview Advisory Group | $106,181 reported compensation |
| Principal Life Insurance Company | $28,276 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013064936NAL0000333811001, received 2025-10-13, EIN 58-1947565, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.