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: 3,640
- Total Assets: $311.0M
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 | 3,640 | $311.0M | $10.3M | $15.2M |
| 2023 | 3,754 | $300.2M | $9.3M | $14.6M |
| 2022 | 3,778 | $275.7M | $7.8M | $14.0M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $118,081 | — | $118,081 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $73,659 | — | $73,659 |
| CROWE LLP | ACCOUNTANT/AUDITOR | $51,400 | — | $51,400 |
| MERCER INVESTMENTS LLC | INVESTMENT ADVISOR | $19,240 | — | $19,240 |
| MORGAN LEWIS & BOCKIUS LLP | ATTORNEY/LEGAL | $11,026 | — | $11,026 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
- 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: $273,406
- Estimated Expense Ratio: 0.088% 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 | $281,063 | $92,899 | $600 | $51,400 | — |
| 2023 | $289,285 | $90,366 | $600 | $49,000 | — |
| 2022 | $364,939 | $63,655 | — | — | — |