Nugget Market, Inc. 401(k) Review & Grade
Nugget Market, Inc. 401(k) Profit Sharing Plan & Trust
Davis, CARetail Trade1,753 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,997Employer $ per active participant
$3,900Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$126.0MNet plan assets, end of year
$56,206Average balance per account
Score breakdown
- Employer generosity42.5 / 5085th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
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 | 85th |
| Lower admin cost | 47th |
| Employee saving | 64th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($256 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $14,221 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nugget Market put in about $1,997 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.
- 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 | $3,501,528 |
| Participant (employee) contributions | $6,836,441 |
| Other contributions (incl. rollovers in) | $454,106 |
| Administrative expenses paid from the plan | $300,812 |
| Investment advisory & management fees | $127,063 |
| Other admin expenses | $450 |
| Benefits paid out | $9,508,443 |
| Net assets, start / end of year | $111.4M / $126.0M |
| Active participants, start / end of year | 1,728 / 1,778 |
| Participants with account balances | 2,242 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Campbell Taylor Washburn |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $173,299 reported compensation |
| Wells Fargo Advisors LLC | $113,016 reported compensation |
| Empower Advisory Group, LLC | $14,047 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014201929NAL0001816915001, received 2025-10-14, EIN 94-1675108, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.