Hannaford Bros. Co., LLC 401(k) Review & Grade
Hannaford Bros. Co. 401(k) Plan
Scarborough, MERetail Trade29,438 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$825Employer $ per active participant
$1,340Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$74,450Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost18.4 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 73th |
| Employee saving | 38th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,529 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hannaford Bros. Co. put in about $825 per active participant, more than the typical peer ($689). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $24,293,737 |
| Participant (employee) contributions | $39,461,281 |
| Other contributions (incl. rollovers in) | $2,755,725 |
| Administrative expenses paid from the plan | $486,176 |
| Contract administrator fees | $2,700 |
| Investment advisory & management fees | $15,246 |
| Benefits paid out | $84,129,434 |
| Net assets, start / end of year | $986.0M / $1.1B |
| Active participants, start / end of year | 29,915 / 28,962 |
| Participants with account balances | 14,731 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Newman & Noyes LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $468,374 reported compensation |
| Aon Investments USA Inc. | $15,246 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008080739NAL0002842003001, received 2025-10-08, EIN 01-0085930, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.