Food Management Investors, Inc. DBA Cultivate Solutions 401(k) match, vesting and fees
What Food Management Investors, Inc. DBA Cultivate Solutions' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | John Hancock Life Insurance Company | Schedule C ↗ |
| Independent auditor | Brady Martz & Associates, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,095 defined-contribution plans in accommodation and food services with 100 to 499 participants.
| Food Management Investors, Inc. DBA Cultivate Solutions: employer contribution per participant | $1,360 | |
| Peer median | $937 |
| Food Management Investors, Inc. DBA Cultivate Solutions: average balance | $29,281 | |
| Peer median | $24,040 |
| Food Management Investors, Inc. DBA Cultivate Solutions: admin expenses ÷ assets | 0.70% | |
| Peer median | 0.61% |
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 $11.2M at the end of plan year 2023 to $13.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 746 | $13.3M | $619K | $1,360 | 0.70% | Not published | Form 5500 ↗ |
| 2023 | 688 | $11.2M | $548K | $1,357 | 0.74% | Not published | Form 5500 ↗ |
Common questions
Does Food Management Investors, Inc. DBA Cultivate Solutions match 401(k) contributions?
The match terms for the Cultivate Solutions 401(k) Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $619K in employer contributions, about $1,360 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Food Management Investors, Inc. DBA Cultivate Solutions 401(k) match vested?
The vesting schedule for the Cultivate Solutions 401(k) Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Food Management Investors, Inc. DBA Cultivate Solutions 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance Company. The plan administrator is Food Management Investors, Inc. DBA Cultivate Solutions.
I left Food Management Investors, Inc. DBA Cultivate Solutions. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Food Management Investors, Inc. DBA Cultivate Solutions, (701) 838-2822) or the recordkeeper, John Hancock Life Insurance Company. The Food Management Investors, Inc. DBA Cultivate Solutions old 401(k) page lists the contacts from every plan filing. Find an old Food Management Investors, Inc. DBA Cultivate Solutions 401(k)
Data from the public Form 5500 annual reports Food Management Investors, Inc. DBA Cultivate Solutions filed with the U.S. Department of Labor (plan years 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 Food Management Investors, Inc. DBA Cultivate Solutions. Not financial advice. Report a correction · Methodology