Wawa, Inc. 401(k) Review & Grade
Wawa, Inc. 401(k) Plan
Wawa, PARetail Trade18,332 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,630Employer $ per active participant
$3,558Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$44,580Average balance per account
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost4.9 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 19th |
| Employee saving | 90th |
| Peers that auto-enroll | 32% |
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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
- Wawa put in about $1,630 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 (0.19% 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.
- 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 | $29,879,352 |
| Participant (employee) contributions | $65,228,588 |
| Other contributions (incl. rollovers in) | $165,967 |
| Administrative expenses paid from the plan | $1,943,267 |
| Investment advisory & management fees | $492,634 |
| Other admin expenses | $135,343 |
| Benefits paid out | $117,096,265 |
| Net assets, start / end of year | $950.6M / $1.1B |
| Active participants, start / end of year | 17,681 / 18,984 |
| Participants with account balances | 25,168 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $1,441,594 reported compensation |
| Vanguard Advisers Inc. | $492,634 reported compensation |
| RSM US LLP | $41,137 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140811NAL0006363360001, received 2025-10-15, EIN 21-0515330, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.