G. M. Warehouse Inc 401(k) Review & Grade
Pete's Fresh Market 401(k) Plan
Chicago, ILWholesale Trade1,734 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$183Employer $ per active participant
$536Employee $ saved per active participant
1.31%Direct admin cost, % of plan assets
$5.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.9 / 504th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 4th |
| Employee saving | 1th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($177,958 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- G. M. Warehouse put in about $183 per active participant, below the typical peer ($1,792). 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 (1.31% 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.
- 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 | $317,643 |
| Participant (employee) contributions | $928,950 |
| Other contributions (incl. rollovers in) | $86,771 |
| Administrative expenses paid from the plan | $64,643 |
| Contract administrator fees | $64,643 |
| Benefits paid out | $330,734 |
| Net assets, start / end of year | $4.2M / $5.7M |
| Active participants, start / end of year | 1,730 / 1,737 |
| Participants with account balances | 617 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $64,642 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $11,286 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716103228NAL0001874435001, received 2025-07-16, EIN 45-0539235, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.