Sunopta Foods Inc. 401(k) Review & Grade
Sunopta Foods Inc. 401(k) Plan
Eden Prairie, MNManufacturing1,062 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,355Employer $ per active participant
$6,188Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$98.7MNet plan assets, end of year
$46,919Average balance per account
Score breakdown
- Employer generosity33.7 / 5067th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 44th |
| Employee saving | 66th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Sunopta Foods put in about $3,355 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $3,561,641 |
| Participant (employee) contributions | $6,568,228 |
| Other contributions (incl. rollovers in) | $625,160 |
| Administrative expenses paid from the plan | $258,954 |
| Investment advisory & management fees | $107,188 |
| Benefits paid out | $12,901,549 |
| Net assets, start / end of year | $88.8M / $98.7M |
| Active participants, start / end of year | 951 / 1,172 |
| Participants with account balances | 2,104 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Froehling Anderson |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $112,781 reported compensation |
| First Light Retirement LLC | $107,188 reported compensation |
| Froehling Anderson | $38,985 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010092207NAL0012720848001, received 2025-10-10, EIN 43-2032635, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.