Grade a Market, Incorporated 401(k) Review & Grade
Grade a Market, Incorporated 401(k) Plan
Norwalk, CTRetail Trade1,381 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,062Employer $ per active participant
$2,536Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$74.0MNet plan assets, end of year
$55,208Average balance per account
Score breakdown
- Employer generosity31.9 / 5064th percentile for employer $ per participant
- Low cost12.4 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving6.4 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 50th |
| Employee saving | 42th |
| 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
- Grade a Market, Incorporated put in about $1,062 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.
- 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 | $1,466,030 |
| Participant (employee) contributions | $3,502,638 |
| Other contributions (incl. rollovers in) | $231,731 |
| Administrative expenses paid from the plan | $160,502 |
| Investment advisory & management fees | $65,284 |
| Benefits paid out | $4,211,245 |
| Net assets, start / end of year | $64.4M / $74.0M |
| Active participants, start / end of year | 1,331 / 1,431 |
| Participants with account balances | 1,340 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $95,218 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $67,223 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015142925NAL0004838609001, received 2025-10-15, EIN 06-0755573, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.