Southeastern Grocers LLC 401(k) Review & Grade
Southeastern Grocers 401(k) Savings Plan
Jacksonville, FLRetail Trade24,097 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$454Employer $ per active participant
$938Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$941.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.4 / 5031th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 46th |
| Employee saving | 24th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Southeastern Grocers put in about $454 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.
- 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 | $10,935,160 |
| Participant (employee) contributions | $22,608,306 |
| Other contributions (incl. rollovers in) | $1,487,476 |
| Administrative expenses paid from the plan | $873,949 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $266,915 |
| Benefits paid out | $138,616,100 |
| Net assets, start / end of year | $914.1M / $941.2M |
| Active participants, start / end of year | 26,424 / 21,770 |
| Participants with account balances | 10,104 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $553,401 reported compensation |
| Strategic Advisors, Inc. | $181,925 reported compensation |
| Creative Planning Holdco, LLC | $84,990 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923142055NAL0006935584001, received 2025-09-23, EIN 27-1845190, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.