Plan Snapshot
- Plan Sponsor: Kraft Heinz Foods Company
- Sponsor EIN: 250542520
- Sponsor Address: ONE PPG PLACE, PITTSBURGH, PA, 15222
- Plan Type: 401(k)
- Total Participants: 13,247
- Total Assets: $3.6B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 13,247 | $3.6B | $76.3M | $101.2M |
| 2023 | 13,335 | $3.5B | $73.2M | $96.1M |
| 2022 | 14,168 | $3.2B | $69.2M | $92.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| STRATEGIC ADVISORS, INC. | ADVISOR | $647,566 | — | $647,566 |
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $354,177 | — | $354,177 |
| MERCER INVESTMENTS LLC | INVESTMENT ADVISOR | $95,379 | — | $95,379 |
| CROWE LLP | ACCOUNTANT/AUDITOR | $51,400 | — | $51,400 |
| MORGAN LEWIS & BOCKIUS LLP | ATTORNEY/LEGAL | $8,452 | — | $8,452 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- STRATEGIC ADVISORS, INC. — ADVISOR
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- MORGAN LEWIS & BOCKIUS LLP — ATTORNEY/LEGAL
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,156,974
- Estimated Expense Ratio: 0.032% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,197,016 | $742,945 | $11,100 | $51,400 | — |
| 2023 | $1,189,536 | $680,555 | $9,300 | $49,000 | — |
| 2022 | $1,291,192 | $542,802 | — | — | — |