Bar-S Foods 401(k) match, vesting and fees
What Bar-S Foods' 401(k) plan says about matching contributions
The Plan requires the Company to make matching contributions under the basic safe-harbor provisions of 100% of the first 5% of eligible compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 33 ↗ |
| Match vesting | Participants are vested immediately in their contributions and safe-harbor matching contributions plus actual earnings thereon. Employer discretionary profit sharing contributions vest on a graded scale with full vesting after completion of six years of service or reaching the age of 62, or upon death or permanent disability while employed by the Company. | Audit report, p. 33 ↗ |
| Roth contributions | Participants also may designate all or a portion of their deferral contributions as after-tax contributions into a Roth account. | Audit report, p. 33 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant's account. The loan interest rate is set at 2% above the prime rate, as defined. | Audit report, p. 34 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Bar-S Foods: employer contribution per participant | $3,146 | |
| Peer median | $2,413 |
| Bar-S Foods: average balance | $60,921 | |
| Peer median | $86,456 |
| Bar-S Foods: admin expenses ÷ assets | 0.24% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $189M at the end of plan year 2021 to $212M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 4,444 | $212M | $10.9M | $3,146 | 0.24% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 4,091 | $192M | $9.7M | $3,142 | 0.23% | Not published | Form 5500 ↗ |
| 2022 | 3,689 | $168M | $8.2M | $2,938 | 0.22% | Not published | Form 5500 ↗ |
| 2021 | 3,536 | $189M | $7.1M | $2,534 | 0.23% | Not published | Form 5500 ↗ |
Common questions
Does Bar-S Foods match 401(k) contributions?
The audit report attached to the Bar-S Foods Co. 401(k) and Profit Sharing Plan's plan year 2024 Form 5500, page 33 says: “The Plan requires the Company to make matching contributions under the basic safe-harbor provisions of 100% of the first 5% of eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Bar-S Foods 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 33 says: “Participants are vested immediately in their contributions and safe-harbor matching contributions plus actual earnings thereon. Employer discretionary profit sharing contributions vest on a graded scale with full vesting after completion of six years of service or reaching the age of 62, or upon death or permanent disability while employed by the Company.”
Who manages the Bar-S Foods 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Bar-S Foods Co..
I left Bar-S Foods. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Bar-S Foods Co., (602) 264-7272) or the recordkeeper, Principal Life Insurance Company. The Bar-S Foods old 401(k) page lists the contacts from every plan filing. Find an old Bar-S Foods 401(k)
Data from the public Form 5500 annual reports Bar-S Foods filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Bar-S Foods. Not financial advice. Report a correction · Methodology