Riesbeck Food Markets, Inc. 401(k) Review & Grade
Riesbeck Food Markets, Inc. Profit Sharing 401(k) Plan
ST Clairsville, OHRetail Trade722 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$132Employer $ per active participant
$682Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$17.2MNet plan assets, end of year
$38,596Average balance per account
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost16.9 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 68th |
| Employee saving | 9th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Riesbeck Food Markets put in about $132 per active participant, below the typical peer ($743). 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 | $95,472 |
| Participant (employee) contributions | $491,803 |
| Other contributions (incl. rollovers in) | $72,180 |
| Administrative expenses paid from the plan | $21,595 |
| Investment advisory & management fees | $4,847 |
| Benefits paid out | $2,381,317 |
| Net assets, start / end of year | $16.5M / $17.2M |
| Active participants, start / end of year | 747 / 696 |
| Participants with account balances | 446 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rea & Associates |
Largest service providers (Schedule C)
| Wesbanco Bank Inc | $16,748 reported compensation |
| Empower Advisory Group, LLC | $4,847 reported compensation |
| Empower Annuity Insurance Company O | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013065417NAL0000335427001, received 2025-10-13, EIN 34-0490620, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.