Sheetz, Inc 401(k) Review & Grade
Sheetz, Inc. 401(k) Retirement Plan
Altoona, PARetail Trade17,956 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,523Employer $ per active participant
$2,865Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$778.4MNet plan assets, end of year
$45,364Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 30th |
| Employee saving | 80th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $92 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sheetz put in about $1,523 per active participant, more than the typical peer ($689). 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.
- Direct plan expenses (0.14% of assets) are well above similar-size plans (0.09%). 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 | $27,352,484 |
| Participant (employee) contributions | $51,448,532 |
| Other contributions (incl. rollovers in) | $6,888,076 |
| Administrative expenses paid from the plan | $1,026,386 |
| Contract administrator fees | $1,026,386 |
| Benefits paid out | $65,293,425 |
| Net assets, start / end of year | $669.5M / $778.4M |
| Active participants, start / end of year | 17,459 / 18,452 |
| Participants with account balances | 17,158 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Young Oakes Brown and Co |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $1,048,535 reported compensation |
| Capfinancial Partners, LCC. | $165,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260609062132NAL0003466513001, received 2026-06-09, EIN 25-1202108, plan #002, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.