Casey's General Stores Inc. 401(k) Review & Grade
Casey's General Stores 401(k) Plan
Ankeny, IARetail Trade36,750 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$441Employer $ per active participant
$637Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$514.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.0 / 5030th percentile for employer $ per participant
- Low cost7.1 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 28th |
| Employee saving | 7th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Casey's General Stores put in about $441 per active participant, below the typical peer ($689). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.15% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $16,199,504 |
| Participant (employee) contributions | $23,404,769 |
| Other contributions (incl. rollovers in) | $6,654,822 |
| Administrative expenses paid from the plan | $680,010 |
| Contract administrator fees | $630,161 |
| Investment advisory & management fees | $49,849 |
| Benefits paid out | $56,843,976 |
| Net assets, start / end of year | $411.4M / $514.4M |
| Active participants, start / end of year | 36,695 / 36,804 |
| Participants with account balances | 7,056 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
| Employer stock held by plan | $267,612,761 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $630,160 reported compensation |
| Mma Securities LLC | $50,000 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015114729NAL0009049682001, received 2025-10-15, EIN 42-0935283, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.