Stemilt Growers, LLC 401(k) Review & Grade
Stemilt Growers, LLC 401(k) Savings Plan & Trust
Wenatchee, WAAgriculture, Forestry, Fishing & Hunting2,807 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$549Employer $ per active participant
$1,098Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$64.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 2,500–9,999 active participants (fewer than 30 industry peers) (2,386 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 16th |
| Employee saving | 15th |
| Peers that auto-enroll | 52% |
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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
- Stemilt Growers put in about $549 per active participant, below the typical peer ($2,062). 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 (0.42% 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.
- 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 | $1,541,806 |
| Participant (employee) contributions | $3,081,830 |
| Other contributions (incl. rollovers in) | $163,469 |
| Administrative expenses paid from the plan | $254,266 |
| Contract administrator fees | $194,266 |
| Investment advisory & management fees | $60,000 |
| Benefits paid out | $4,439,072 |
| Net assets, start / end of year | $57.7M / $64.7M |
| Active participants, start / end of year | 3,880 / 1,734 |
| Participants with account balances | 748 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| LPL Financial LLC - Rpcp | $60,000 reported compensation |
| Benefits 2 Administrators | $43,633 reported compensation |
| John Hancock Life Insurance Co USA | $612 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801092908NAL0006101697001, received 2025-08-01, EIN 27-2088978, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.