Tops Markets, LLC 401(k) Review & Grade
Tops Markets, LLC 401(k) Savings Plan for Union Associates
Buffalo, NYTransportation & Warehousing864 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,862Employer $ per active participant
$2,652Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$59.8MNet plan assets, end of year
$77,055Average balance per account
Score breakdown
- Employer generosity41.8 / 5084th percentile for employer $ per participant
- Low cost16.1 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 64th |
| Employee saving | 44th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,951 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tops Markets put in about $2,862 per active participant, more than the typical peer ($1,070). 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.
- 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 | $2,471,068 |
| Participant (employee) contributions | $2,289,808 |
| Other contributions (incl. rollovers in) | $97,325 |
| Administrative expenses paid from the plan | $81,700 |
| Investment advisory & management fees | $37,435 |
| Other admin expenses | $1,101 |
| Benefits paid out | $6,488,240 |
| Net assets, start / end of year | $54.3M / $59.8M |
| Active participants, start / end of year | 873 / 854 |
| Participants with account balances | 776 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KP Lynch CPA PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $36,466 reported compensation |
| Strategic Advisors, Inc. | $22,435 reported compensation |
| Capfinancial Partners Inc. | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014130233NAL0002836385001, received 2025-10-14, EIN 16-1592810, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.