Spartannash Company 401(k) Review & Grade
Spartannash Company Savings Plus Plan
Grand Rapids, MIWholesale Trade25,058 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$502Employer $ per active participant
$1,125Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$709.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 37th |
| Employee saving | 0th |
| Peers that auto-enroll | 63% |
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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
- Spartannash put in about $502 per active participant, below the typical peer ($2,420). 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 | $12,581,294 |
| Participant (employee) contributions | $28,196,783 |
| Other contributions (incl. rollovers in) | $7,609,357 |
| Administrative expenses paid from the plan | $797,350 |
| Investment advisory & management fees | $379,229 |
| Benefits paid out | $84,307,575 |
| Net assets, start / end of year | $651.2M / $709.5M |
| Active participants, start / end of year | 33,324 / 16,791 |
| Participants with account balances | 8,247 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Fidelity Inv Inst Operations | $395,938 reported compensation |
| Strategic Advisors, Inc. | $280,254 reported compensation |
| Merrill Lynch | $62,019 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715183334NAL0002543553001, received 2025-07-15, EIN 38-0593940, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.