Food, beverage and tobacco 401(k) plans

Name: Median plan-paid 401(k) administrative cost per participant, food, beverage and tobacco
Creator: 401(k) Monitor
License: https://401kmonitor.com/licence/

The median 401(k) plan in food, beverage and tobacco manufacturing paid $108.05 per participant per year in plan-paid administrative fees, computed from 1,292 of the 1,356 food, beverage and tobacco plans published here, form year 2024.

Computed from DOL EFAST2 Form 5500 bulk data, not surveys. The 57,824 plans published so far are a subset of the 57,824 large plans in the form-year-2024 data, so this median describes the published subset, not the whole industry.

$108.05

Median plan-paid administrative cost per participant per year among 1,292 food, beverage and tobacco plans with usable fee data, form year 2024.

$14.13 below the $122.17 median across all published plans.

How do food, beverage and tobacco 401(k) fees compare?

Food, beverage and tobacco median$108.05

All published plans$122.17

Plan size drives fees more than industry does: bigger plans pay less per head. See median fees by plan size before reading an industry gap as an industry effect.

57 of the biggest food, beverage and tobacco 401(k) plans

The food, beverage and tobacco plans this site submits to search engines come first, then the rest; each group is ranked by active participants. Assets are Schedule H total assets at end of plan year. Fee is plan-paid admin cost per participant. Amounts in USD.
Plan	Sponsor	Active participants	Assets	Fee ($)
The PepsiCo Savings Plan	PepsiCo, Inc.	134,629	$14.9B	11.58
Mars Veterinary Health 401(k) Savings Plan	Mars, Incorporated	54,702	$2.6B	45.43
Pilgrim's Pride Retirement Savings Plan	Pilgrim's Pride Corporation	39,273	$478.2M	13.68
JBS 401(k) Savings Plan	JBS USA Food Company Holdings	39,079	$679.8M	20.73
Nestle 401(k) Savings Plan	Nestle USA, Inc. Savings Plan Administration	30,861	$7.5B	6.04
Conagra Brands Retirement Income Savings Plan	Conagra Brands, Inc.	23,273	$1.7B	33.01
Keurig Dr Pepper 401(k) Plan	Keurig Dr Pepper Inc.	21,156	$1.9B	47.48
General Mills 401(k) Plan	General Mills, Inc.	16,628	$5.0B	195.78
U.S. Associate Savings Plan	Mars, Incorporated	15,668	$3.4B	93.22
Coca-Cola Consolidated, Inc. 401(k) Plan	Coca-Cola Consolidated, Inc.	15,486	$1.1B	57.67
Taylor Fresh Foods, Inc. 401(k) Plan	Taylor Fresh Foods, Inc.	13,662	$332.5M	56.25
The Campbell's Company 401(k) Retirement Plan	The Campbell's Company	13,566	$2.2B	45.16
Kraft Heinz Savings Plan	Kraft Heinz Foods Company	13,247	$3.6B	47.99
The Hershey Company 401(k) Plan	The Hershey Company	11,915	$2.1B	113.95
Flowers Foods, Inc. 401(k) Retirement Savings Plan	Flowers Foods, Inc.	10,520	$882.6M	74.08
Adm 401(k) And Employee Stock Ownership Plan For Hourly Employees	Archer Daniels Midland Company	10,315	$701.5M	55.26
Coca-Cola Bottling Company United, Inc. 401(k) Plan	Coca-Cola Bottling Company United, Inc.	9,930	$609.6M	81.42
Schwan's Company Retirement Savings Plan	Schwans Shared Services, LLC	9,135	$632.3M	100.15
Simmons Foods, Inc. 401(k) Retirement And Trust Plan	Simmons Foods, Inc.	9,134	$186.9M	43.72
Hearthside Food Solutions 401(k) Plan	Hearthside Food Solutions LLC	8,997	$280.1M	93.41
Conagra Brands Retirement Income Savings Plan For Union Employees	Conagra Brands, Inc.	8,921	$224.2M	31.45
Mountaire Corporation & Subsidiaries Retirement Plan	Mountaire Corporation	8,902	$439.9M	83.12
Gruma Corporation Retirement Savings Plan	Gruma Corporation	8,855	$346.0M	81.59
Adm 401(k) And Employee Stock Ownership Plan For Salaried Employees	Archer Daniels Midland Company	8,748	$2.3B	25.72
Coca-Cola Southwest Beverages 401(k) Plan	Coca-Cola Southwest Beverages LLC	8,711	$589.0M	38.93
Dairy Farmers Of America, Inc. Super Savings Plan	Dairy Farmers Of America, Inc.	8,063	$874.8M	48.80
The J.M. Smucker Company Employee Savings Plan	The J.M. Smucker Company	7,886	$1.5B	40.70
The Coca-Cola Company 401(k) Plan	The Coca-Cola Company	7,812	$3.8B	n/a
Rich's 401(k) Plan	Rich Products Corporation	7,645	$769.3M	35.45
Dfa Dairy Brands Smartchoice Savings Plan	Dfa Dairy Brands Corporate, LLC	7,572	$603.2M	40.20
Saputo USA 401(k) Plan	Saputo Cheese USA Inc.	7,523	$649.9M	49.91
Bimbo Bakeries USA Savings Plan	Bbu, Inc.	7,363	$1.2B	42.77
Mondelez Global LLC Thrift Plan	Mondelez Global LLC	7,270	$1.8B	n/a
Butterball, LLC Salary & Hourly 401(k) Plan	Butterball, LLC	7,109	$155.6M	37.88
Bluetriton Brands, Inc. 401(k) Savings Plan	Bluetriton Brands, Inc.	7,096	$469.7M	72.76
The Pssi 401(k) Plan & Trust	Packers Sanitation Serivces, Inc.	7,067	$30.9M	31.27
Swire Coca-Cola 401(k) Plan	Swire Pacific Holdings Inc.	7,065	$341.4M	78.48
Kellanova Savings And Investment Plan	Kellanova	6,944	$1.8B	n/a
Schreiber Foods, Inc. 401(k) Retirement Savings Plan	Schreiber Foods, Inc.	6,874	$672.0M	58.78
Mckee Foods Retirement Plan	Mckee Foods Corporation	6,741	$1.1B	106.40
New England Teamsters Savings And Investment Plan	New England Bakery Drivers And Its Member Local Unions	6,528	$67.3M	28.67
Post Holdings, Inc. Savings Investment Plan	Post Holdings, Inc.	6,527	$1.1B	84.77
Prairie Farms Dairy Thrift Incentive Plan	Prairie Farms Dairy, Inc.	6,358	$637.6M	194.20
Bimbo Bakeries USA Union Savings Plan	Bbu, Inc.	6,021	$153.4M	26.91
National Beef Union 401(k) Plan	National Beef Packing Company, LLC	5,980	$23.8M	13.38
Primo Retirement Savings Plan	Primo Water Holdings Inc.	5,828	$371.6M	77.89
Molson Coors Employees' Retirement And Savings Plan	Molson Coors Beverage Company USA LLC	5,637	$2.1B	31.79
Danone U.S. 401(k) Plan	Danone North America Public Benefit Corporation	5,415	$772.6M	87.48
Lamb Weston, Inc. 401(k) Plan For Plant Hourly Employees	Lamb Weston, Inc.	5,240	$253.5M	92.22
Darling Ingredients Inc. Salaried 401(k) Savings Plan	Darling Ingredients Inc.	5,206	$236.8M	45.62
Capital Accumulation Plan	Rochelle Foods, LLC	5,132	$187.0M	38.60
The Clemens Family Sharing Plan	Clemens Family Corporation	5,058	$260.4M	109.63
Jennie-O Turkey Store Retirement Savings Plan	Jennie-O Turkey Store, Inc.	4,996	$274.5M	40.57
Hormel Foods Corporation Tax Deferred Investment Plan A *	Hormel Foods Corporation	4,987	$1.2B	59.26
Kerry Inc. Savings Plan	Kerry Inc.	4,981	$604.2M	136.83
Mccormick 401(k) Retirement Plan	Mccormick & Company, Inc.	4,796	$968.2M	112.30
Golden State Foods 401(k) Savings & Retirement Plan	Golden State Foods	4,673	$259.7M	76.11

All 1,356 food, beverage and tobacco plans on file are listed below by size, and every one of them is searchable from the home page.

Every Food, beverage and tobacco plan, by size

The table above is the top of the list. These 8 pages hold all 1,356 plans on file in food, beverage and tobacco, split by how many people are in them, each ranked by active participants.

100 to 499 participants · 740 plans
Pages1 2 3
500 to 999 participants · 270 plans
Pages1 2
1,000 to 4,999 participants · 270 plans
Pages1 2
5,000 or more participants · 76 plans

Which food, beverage and tobacco companies disclose their 401(k) match?

For these 6 employers we also read the SEC Form 11-K and extracted the match terms, matched to this industry by the plan’s EIN.

Archer-Daniels-Midland Company
100% (dollar-for-dollar) of the first 2% of pay, then 50% of the next 4% of pay
Brown-Forman Corporation
100% (dollar-for-dollar) of the first 5% of pay
Cal-Maine Foods, Inc.
No employer match, per the filing
KELLANOVA
Match set at the company's discretion each year; the rate is not disclosed in the filing
The Coca-Cola Company
100% (dollar-for-dollar) of the first 1% of pay, then 50% of the next 5% of pay
The Kraft Heinz Company
100% (dollar-for-dollar) of the first 2% of pay, then 50% of the next 4% of pay

Which employers count as food, beverage and tobacco here?

Food, beverage and tobacco manufacturing (codes 311110 to 312999). Sponsors here include PepsiCo, Kraft Heinz and Anheuser-Busch.

The code is the IRS principal business activity code the sponsor itself puts on Form 5500, line 2d. Medians count only plans whose Schedule H shows a positive plan-paid administrative expense (1,292 of 1,356 plans here). Plan-paid expenses exclude fund expense ratios and employer-paid bills, so every figure is a floor, not the all-in cost. Latest filing in this group received by the DOL July 23, 2026; source dataset last refreshed July 28, 2026. Full methodology

Cite this page

401(k) Monitor, “Food, beverage and tobacco 401(k) plans: median plan-paid administrative cost per participant”, computed from DOL EFAST2 Form 5500 bulk data, form year 2024.