Seneca Foods Corp 401(k): Empower, match 3% max
Seneca Foods Corporation Employees' Savings Plan · SENEA · CIK 88948
Empower is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
3%
Seneca Foods Corp matches 25% of the first 4% of pay, or 50% of the first 6% of pay, for a maximum employer match of 3% of pay.
From the Form 11-K filed June 26, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Seneca Foods puts in, and what the plan costs
What Seneca Foods put into the plan, per active participant
$981
Seneca Foods Corp put $981 into this plan for each of its 2,850 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Seneca Foods put in less per active participant than 79% of plans with 5,000+ participants in food, beverage and tobacco manufacturing. The middle plan in that group of 72 reported $2,804. Food, beverage and tobacco comes from business code 311400, which Seneca Foods entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Seneca Foods pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 160733425, plan 003 · DOL EFAST2 ↗
The $981 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Seneca Foods Corp also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,485 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Seneca Foods puts in
$1,485
a year, at a $49,500 salary.
The filing states more than one match rate and a worker is on one of them, set by the plan's own conditions. The highest is 3% of pay, for a worker contributing 6% of pay, and the lower rates pay less on the same contribution.
The match paragraph, word for word
“Those that are accruing in the Company pension plan, with the exception of salaried highly compensated employees, are eligible to receive an employer match equal to 25% of the first 4% of eligible compensation that a participant contributes to the Plan. Those that are not accruing in the Company pension plan are eligible to receive an employer match equal to 50% of the first 6% of eligible compensation that a participant contributes to the Plan.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 5% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their contributions plus actual earnings (losses) thereon. Vesting in the Company’s contribution portion of their accounts is based on years of service. A participant is 100% vested after three years of credited service. If a participant dies or is disabled prior to attaining normal retirement age, the participant becomes 100% vested.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
79th percentile
$91.90 per participant in plan-paid administrative cost, more expensive than 79% of plans with 5,000+ participants.
What is Seneca Foods' 401(k) match formula?
Seneca Foods' 401(k) employer match tops out at 3% of pay. This plan states more than one match rate and a worker is on one of them, which is not the usual shape of a tiered formula.
| Match formula | 25% of the first 4% of pay |
|---|---|
| or | 50% of the first 6% of pay |
| Paid in company stock | Yes |
| Conditions | The two tiers listed are not stacked/additive; they are two mutually exclusive employer match rates depending on the employee's pension-plan accrual status. Employees accruing in the Company's separate pension plan (other than salaried highly compensated employees) receive 25% of the first 4% of eligible compensation contributed; employees not accruing in the Company's pension plan receive 50% of the first 6% of eligible compensation contributed. An eligible participant for the employer match is one who, for a calendar year, is an active employee of the Company on the last business day of the calendar year and completed a year of service during the year, or retired or terminated employment due to total disability or after reaching age 65 and completing 10 years of service during the year, or died while employed during the year. |
At a $45,000 salary, contributing 6% ($2,700) earns the whole match the worker is entitled to, which is $1,350 for the year at the plan's highest rate and less at its lower ones.
What the filing says, word for word
“Those that are accruing in the Company pension plan, with the exception of salaried highly compensated employees, are eligible to receive an employer match equal to 25% of the first 4% of eligible compensation that a participant contributes to the Plan. Those that are not accruing in the Company pension plan are eligible to receive an employer match equal to 50% of the first 6% of eligible compensation that a participant contributes to the Plan.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Seneca Foods' 401(k) vesting schedule?
Seneca Foods vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | If a participant dies or is disabled prior to attaining normal retirement age, the participant becomes 100% vested. |
Vesting, word for word
“Participants are immediately vested in their contributions plus actual earnings (losses) thereon. Vesting in the Company’s contribution portion of their accounts is based on years of service. A participant is 100% vested after three years of credited service. If a participant dies or is disabled prior to attaining normal retirement age, the participant becomes 100% vested.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR · SEC ↗
Who can join Seneca Foods' 401(k), and is enrollment automatic?
Seneca Foods enrolls new hires automatically at 4% of pay, rising 1% a year to 6% of pay.
| Plan entry | the first day of the month following their date of hire provided they are eighteen years of age |
|---|---|
| Match eligibility | an active employee of the Company on the last business day of the calendar year and completed a year of service during the year, or retired or terminated employment due to total disability or after reaching age 65 and completing 10 years of service during the year, or died while employed during the year |
| Excluded groups | salaried highly compensated employees |
| Automatic enrollment | Yes: default deferral 4% of pay; auto-escalation +1%/yr to 6% |
Eligibility, word for word
“participants became eligible to make contributions to the Plan the first day of the month following their date of hire provided they are eighteen years of age”
Automatic enrollment, word for word
“The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan, unless they affirmatively elect not to participate, with a default deferral rate set at 4% of eligible compensation. There is also an auto escalation each year of 1% until the participant attains 6%, unless they affirmatively elect not to participate.”
Source: Form 11-K filed June 26, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Empower, filed as “EMPOWER LIFE & ANNUITY INSURANCE CO”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
7,876 plans on file name Empower as their recordkeeper. Of those, the 7,813 with a computable fee have a median plan-paid cost of $165.72 per participant.
Participants log in at Empower ↗. 401(k) Monitor is not affiliated with Empower or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Empower |
|---|---|
| Recordkeeper address | 8515 East Orchard Road, Greenwood Village, CO 80111 |
What does the Seneca Foods plan report on Form 5500?
The Seneca Foods plan reported $258.1M in assets and 10,154 participants for plan year 2024.
| Total plan assets | $258,072,934 |
|---|---|
| Participants | 10,154 |
| Plan-paid admin cost per participant | $91.90 |
How that cost compares
This plan pays $91.90 per participant. The median across plans in food, beverage and tobacco manufacturing is $108.05, from the 1,292 of 1,356 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Seneca Foods Corporation Employees' Savings Plan, which has no page of its own here.
How does Seneca Foods' 401(k) match compare?
Seneca Foods Corp's maximum 401(k) match of 3% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in food, beverage and tobacco manufacturing, two report the same recordkeeper and one vests on the same schedule.
Maximum match 1.5% of pay. Also in food, beverage and tobacco manufacturing.
Maximum match 3.5% of pay. Also in food, beverage and tobacco manufacturing.
Maximum match 4% of pay. Also in food, beverage and tobacco manufacturing.
Maximum match 3% of pay. Same recordkeeper, Empower.
Maximum match 3.5% of pay. Same recordkeeper, Empower.
Maximum match 3.5% of pay. Same 3-year cliff as Seneca Foods.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 26, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Seneca Foods Corp's 401(k) match?
Seneca Foods Corp matches one of these rates, not all of them: 25% of the first 4% of pay, or 50% of the first 6% of pay, so the employer match tops out at 3% of compensation (plan year ended December 31, 2025).
When does the Seneca Foods Corp 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does Seneca Foods Corp's 401(k) plan have automatic enrollment?
Yes: default deferral 4% of pay; auto-escalation +1%/yr to 6%.
Who is the recordkeeper for Seneca Foods Corp's 401(k)?
Empower is named as the recordkeeper on the Form 5500 filed for Seneca Foods Corporation Employees' Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Seneca Foods Corp filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Seneca Foods Corp |
| SEC CIK | 88948 |
| Accession number | 0001437749-26-021836 |
| Plan | Seneca Foods Corporation Employees' Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 26, 2026 |
401(k) Monitor is not affiliated with Seneca Foods Corp, with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Seneca Foods Corp 401(k) plan facts”, from SEC Form 11-K accession 0001437749-26-021836, plan year ended December 31, 2025.
