Carrefour Associates L.L.C 401(k) Review & Grade
Carrefour Associates LLC P/S 401k Plan
Tulsa, OKAdministrative, Support & Staffing Services820 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$386Employer $ per active participant
$2,504Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$26.4MNet plan assets, end of year
$36,533Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 19th |
| Employee saving | 58th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,259 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Carrefour Associates put in about $386 per active participant, below the typical peer ($712). 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.
- Direct plan expenses (0.57% 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 | $316,533 |
| Participant (employee) contributions | $2,054,170 |
| Other contributions (incl. rollovers in) | $39,710 |
| Administrative expenses paid from the plan | $151,101 |
| Contract administrator fees | $88,410 |
| Investment advisory & management fees | $62,691 |
| Benefits paid out | $6,051,486 |
| Net assets, start / end of year | $26.6M / $26.4M |
| Active participants, start / end of year | 1,002 / 639 |
| Participants with account balances | 722 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $88,409 reported compensation |
| Merrill Lynch Retirement & Benefit | $62,691 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124607NAL0004578689001, received 2025-10-15, EIN 73-1493074, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.