Heinen's, Inc. 401(k) Review & Grade
Heinen's Inc. Associates' Retirement Income Plan
Warrensville Heights, OHRetail Trade768 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,410Employer $ per active participant
$4,401Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$70.4MNet plan assets, end of year
$85,906Average balance per account
Score breakdown
- Employer generosity44.8 / 5090th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 90th |
| Lower admin cost | 47th |
| Employee saving | 72th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Heinen's put in about $2,410 per active participant, more than the typical peer ($743). 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 | $1,851,002 |
| Participant (employee) contributions | $3,379,917 |
| Other contributions (incl. rollovers in) | $467,019 |
| Administrative expenses paid from the plan | $166,964 |
| Contract administrator fees | $166,964 |
| Benefits paid out | $4,870,581 |
| Net assets, start / end of year | $61.7M / $70.4M |
| Active participants, start / end of year | 781 / 755 |
| Participants with account balances | 820 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hill Stonestreet & Co. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $166,964 reported compensation |
| Usi Advisors, Inc. | $37,065 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911150046NAL0000311683001, received 2025-09-11, EIN 34-0673060, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.