Schnuck Markets, Inc. 401(k) Review & Grade
Schnucks Pay Deferral Plan-30
ST. Louis, MORetail Trade10,269 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$72Employer $ per active participant
$643Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$150.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.2 / 502th percentile for employer $ per participant
- Low cost10.4 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score3 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 41th |
| Employee saving | 8th |
| Peers that auto-enroll | 32% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($950 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.
What to do if you're in this plan
- Schnuck Markets put in about $72 per active participant, below the typical peer ($689). 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.
- 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 | $738,486 |
| Participant (employee) contributions | $6,598,115 |
| Other contributions (incl. rollovers in) | $99,081 |
| Administrative expenses paid from the plan | $155,674 |
| Other admin expenses | $30,937 |
| Benefits paid out | $16,069,730 |
| Net assets, start / end of year | $140.7M / $150.1M |
| Active participants, start / end of year | 7,877 / 12,661 |
| Participants with account balances | 3,892 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $122,730 reported compensation |
| Pension Consultants | $30,938 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027191316NAL0010164352001, received 2025-10-27, EIN 43-0726776, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.