365 Retail Markets, LLC 401(k) Review & Grade
365 Retail Markets, LLC 401(k) Plan
Troy, MIWholesale Trade546 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,821Employer $ per active participant
$7,677Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$28.6MNet plan assets, end of year
$46,429Average balance per account
Score breakdown
- Employer generosity35.6 / 5071th percentile for employer $ per participant
- Low cost11.1 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 44th |
| Employee saving | 85th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($175,343 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
What to do if you're in this plan
- 365 Retail Markets put in about $2,821 per active participant, more than the typical peer ($1,792). 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.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,538,782 |
| Participant (employee) contributions | $4,187,823 |
| Other contributions (incl. rollovers in) | $844,733 |
| Administrative expenses paid from the plan | $66,778 |
| Contract administrator fees | $66,333 |
| Benefits paid out | $2,508,981 |
| Net assets, start / end of year | $20.8M / $28.6M |
| Active participants, start / end of year | 549 / 542 |
| Participants with account balances | 617 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $66,427 reported compensation |
| Northwestern Mutual Investment Serv | $42,234 reported compensation |
| The Retirement Advantage, Inc. | $9,072 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008153229NAL0005765633001, received 2025-10-08, EIN 45-4267511, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.