Shop Rite, Inc. 401(k) Review & Grade
Shop Rite, Inc. Profit Sharing 401(k) Plan
Crowley, LARetail Trade582 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$319Employer $ per active participant
$947Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$11.3MNet plan assets, end of year
$32,696Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving2.2 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 97th |
| Employee saving | 15th |
| Peers that auto-enroll | 48% |
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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
- Shop Rite put in about $319 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 | $185,608 |
| Participant (employee) contributions | $551,514 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,280 |
| Benefits paid out | $838,663 |
| Net assets, start / end of year | $9.8M / $11.3M |
| Active participants, start / end of year | 613 / 552 |
| Participants with account balances | 345 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Thibodaux Hebert Deshotels Leblanc |
Largest service providers (Schedule C)
| Hancock Whitney Bank | $1,280 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010140532NAL0008276913001, received 2025-10-10, EIN 72-0642703, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.