Redners Markets, Inc. 401(k) Review & Grade
Redners Markets, Inc. Pre-Tax Savings Plan
Reading, PARetail Trade2,630 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$183Employer $ per active participant
$882Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$47.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 87th |
| Employee saving | 16th |
| Peers that auto-enroll | 42% |
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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
- Redners Markets put in about $183 per active participant, below the typical peer ($650). 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.
- 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.
- 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 | $481,587 |
| Participant (employee) contributions | $2,320,996 |
| Other contributions (incl. rollovers in) | $197,466 |
| Administrative expenses paid from the plan | $17,072 |
| Benefits paid out | $5,139,861 |
| Net assets, start / end of year | $45.6M / $47.8M |
| Active participants, start / end of year | 2,598 / 2,663 |
| Participants with account balances | 1,170 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $17,072 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002123158NAL0000489473001, received 2025-10-02, EIN 23-1730557, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.