Saker Shoprites, Inc. 401(k) Review & Grade
Saker Shoprites, Inc. 401k Plan
Holmdel, NJRetail Trade718 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,243Employer $ per active participant
$6,858Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$105.9MNet plan assets, end of year
$123,514Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 73th |
| Employee saving | 95th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
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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
- Saker Shoprites put in about $2,243 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 | $1,610,776 |
| Participant (employee) contributions | $4,924,116 |
| Other contributions (incl. rollovers in) | $84,163 |
| Administrative expenses paid from the plan | $106,456 |
| Benefits paid out | $13,151,181 |
| Net assets, start / end of year | $98.8M / $105.9M |
| Active participants, start / end of year | 729 / 707 |
| Participants with account balances | 857 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum, Smith & Brown PC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $106,456 reported compensation |
| Morgan Stanley Dean Witter | $102,655 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011100118NAL0004697267001, received 2025-10-11, EIN 22-1729304, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.