Twin City Foods, Inc. 401(k) Review & Grade
Twin City Foods, Inc. 401(k) Plan
Stanwood, WAManufacturing595 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,934Employer $ per active participant
$2,717Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$61.5MNet plan assets, end of year
$108,998Average balance per account
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost10.9 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 44th |
| Employee saving | 20th |
| Peers that auto-enroll | 59% |
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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
- Twin City Foods put in about $1,934 per active participant, below the typical peer ($2,320). 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.
- 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.
- 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 | $1,150,732 |
| Participant (employee) contributions | $1,616,491 |
| Other contributions (incl. rollovers in) | $4,497 |
| Administrative expenses paid from the plan | $166,456 |
| Investment advisory & management fees | $30,000 |
| Other admin expenses | $78,173 |
| Benefits paid out | $5,325,970 |
| Net assets, start / end of year | $59.0M / $61.5M |
| Active participants, start / end of year | 642 / 548 |
| Participants with account balances | 564 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson Gross Assurance, PLLC |
Largest service providers (Schedule C)
| Northwest Plan Services | $42,933 reported compensation |
| Stifel Investment Services | $30,000 reported compensation |
| Charles Schwab Bank | $15,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260202182307NAL0002297331001, received 2026-02-02, EIN 91-1291675, plan #002, plan year 2024-06-01 to 2025-05-31. Verify at efast.dol.gov.