Thrifty Payless Inc. 401(k) Review & Grade
Thrifty Payless, Inc. 401(k) Retirement Savings Plan for Collective Bargaining Pharmacists
Harrisburg, PARetail Trade666 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$569Employer $ per active participant
$10,591Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$266.9MNet plan assets, end of year
$301,948Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 88th |
| Employee saving | 99th |
| Peers that auto-enroll | 48% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Thrifty Payless put in about $569 per active participant, below the typical peer ($743). 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 | $379,048 |
| Participant (employee) contributions | $7,058,794 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $118,686 |
| Investment advisory & management fees | $5,153 |
| Benefits paid out | $22,374,710 |
| Net assets, start / end of year | $244.2M / $266.9M |
| Active participants, start / end of year | 733 / 600 |
| Participants with account balances | 884 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarson Allen, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $96,733 reported compensation |
| Empower Advisory Group, LLC | $59,324 reported compensation |
| Cliftonlarsonallen LLP | $16,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905145742NAL0017301409001, received 2025-09-05, EIN 95-4391249, plan #034, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.