New Seasons Market LLC 401(k) Review & Grade
New Seasons Market LLC 401(k) Plan
Portland, ORRetail Trade2,484 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$650Employer $ per active participant
$1,939Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$69.5MNet plan assets, end of year
$23,079Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 30th |
| Employee saving | 33th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $167,175 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- New Seasons Market put in about $650 per active participant, below the typical peer ($743). 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 (0.40% 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 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 | $1,613,208 |
| Participant (employee) contributions | $4,815,015 |
| Other contributions (incl. rollovers in) | $233,383 |
| Administrative expenses paid from the plan | $268,273 |
| Contract administrator fees | $44,584 |
| Investment advisory & management fees | $67,200 |
| Benefits paid out | $7,029,552 |
| Net assets, start / end of year | $64.0M / $69.5M |
| Active participants, start / end of year | 2,452 / 2,515 |
| Participants with account balances | 3,013 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KBF Cpas - Audit, LLP |
Largest service providers (Schedule C)
| Newport Group, Inc. | $180,904 reported compensation |
| Human Investing | $67,200 reported compensation |
| Newport Trust Company | $20,168 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001123947NAL0014249568001, received 2025-10-01, EIN 27-1519644, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.