Fareway Stores, Inc. 401(k) Review & Grade
Fareway Stores, Inc. 401(k) Profit Sharing Plan
Johnston, IARetail Trade5,864 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$724Employer $ per active participant
$3,549Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$401.4MNet plan assets, end of year
$51,895Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 46th |
| Employee saving | 74th |
| Peers that auto-enroll | 42% |
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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
- Fareway Stores put in about $724 per active participant, more than the typical peer ($650). 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.
- 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 | $4,244,165 |
| Participant (employee) contributions | $20,814,182 |
| Other contributions (incl. rollovers in) | $999,995 |
| Administrative expenses paid from the plan | $534,225 |
| Investment advisory & management fees | $243,750 |
| Benefits paid out | $37,657,423 |
| Net assets, start / end of year | $359.8M / $401.4M |
| Active participants, start / end of year | 5,802 / 5,926 |
| Participants with account balances | 7,734 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $290,475 reported compensation |
| Wells Fargo Advisors | $243,750 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702122901NAL0032976386002, received 2025-07-02, EIN 42-0240920, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.