Schnuck Markets, Inc. 401(k) Review & Grade
Schnucks Pay Deferral Plan
ST. Louis, MORetail Trade800 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,263Employer $ per active participant
$8,703Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$149.7MNet plan assets, end of year
$142,410Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 78th |
| Employee saving | 98th |
| 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 ($627 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $6,843 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schnuck Markets put in about $1,263 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 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 | $1,011,120 |
| Participant (employee) contributions | $6,966,776 |
| Other contributions (incl. rollovers in) | $224,583 |
| Administrative expenses paid from the plan | $120,849 |
| Other admin expenses | $30,937 |
| Benefits paid out | $15,135,624 |
| Net assets, start / end of year | $131.4M / $149.7M |
| Active participants, start / end of year | 760 / 841 |
| Participants with account balances | 1,051 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $89,543 reported compensation |
| Pension Consultants | $30,938 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027190920NAL0008536944001, received 2025-10-27, EIN 43-0726776, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.