Spartannash Company 401(k) Review & Grade
Spartannash Company Savings Plus Plan for Union Associates
Grand Rapids, MIWholesale Trade1,699 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$42Employer $ per active participant
$1,123Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$42.9MNet 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 cost18.2 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 73th |
| Employee saving | 5th |
| Peers that auto-enroll | 53% |
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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 $42 per active participant, below the typical peer ($1,792). 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 | $71,300 |
| Participant (employee) contributions | $1,907,454 |
| Other contributions (incl. rollovers in) | $21,734 |
| Administrative expenses paid from the plan | $42,869 |
| Investment advisory & management fees | $27,160 |
| Benefits paid out | $2,640,842 |
| Net assets, start / end of year | $37.7M / $42.9M |
| Active participants, start / end of year | 2,280 / 1,118 |
| Participants with account balances | 324 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Strategic Advisors | $27,160 reported compensation |
| Fidelity Inv Inst Operations | $15,709 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250715183605NAL0002450273001, received 2025-07-15, EIN 38-0593940, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.