Kwik Trip, Inc. 401(k) Review & Grade
Kwik Trip Profit Sharing 401(k) Plan
La Crosse, WIRetail Trade27,056 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,202Employer $ per active participant
$3,168Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$36,682Average balance per account
Score breakdown
- Employer generosity47.2 / 5094th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 23th |
| Employee saving | 85th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,569 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kwik Trip put in about $2,202 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.
- Direct plan expenses (0.17% 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.
- 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 | $59,572,496 |
| Participant (employee) contributions | $85,726,378 |
| Other contributions (incl. rollovers in) | $6,390,711 |
| Administrative expenses paid from the plan | $1,769,103 |
| Contract administrator fees | $1,686,085 |
| Investment advisory & management fees | $83,018 |
| Benefits paid out | $88,378,544 |
| Net assets, start / end of year | $925.8M / $1.1B |
| Active participants, start / end of year | 26,983 / 27,129 |
| Participants with account balances | 30,366 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,686,085 reported compensation |
| Marquette Associates, in | $83,018 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260708055253NAL0019716209001, received 2026-07-08, EIN 39-1036365, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.