B & R Supermarket, Inc. 401(k) Review & Grade
B & R Supermarket, Inc. 401(k) Profit Sharing Plan and Trust
Miami Springs, FLRetail Trade550 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$745Employer $ per active participant
$1,305Employee $ saved per active participant
0.65%Direct admin cost, % of plan assets
$9.8MNet plan assets, end of year
$32,808Average balance per account
Score breakdown
- Employer generosity25.1 / 5050th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 15th |
| Employee saving | 21th |
| 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
- B & R Supermarket put in about $745 per active participant, more than the typical peer ($743). 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 (0.65% of assets) are well above similar-size plans (0.23%). 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 | $409,788 |
| Participant (employee) contributions | $717,862 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $60,026 |
| Contract administrator fees | $38,116 |
| Investment advisory & management fees | $21,910 |
| Benefits paid out | $1,077,937 |
| Net assets, start / end of year | $8.8M / $9.8M |
| Active participants, start / end of year | 532 / 568 |
| Participants with account balances | 299 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gerstle, Rosen & Goldenberg, P.A. |
Largest service providers (Schedule C)
| Newport Group, Inc. | $38,116 reported compensation |
| Merrill Lynch Retirement & Benefit | $21,910 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013125324NAL0001262225001, received 2025-10-13, EIN 59-2389396, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.