Weis Markets, Inc. 401(k) Review & Grade
Weis Markets, Inc. Retirement Savings Plan
Sunbury, PARetail Trade21,630 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$276Employer $ per active participant
$880Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$304.0MNet plan assets, end of year
$25,990Average balance per account
Score breakdown
- Employer generosity5.7 / 5011th percentile for employer $ per participant
- Low cost0.4 / 252th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 2th |
| Employee saving | 22th |
| Peers that auto-enroll | 32% |
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
- Weis Markets put in about $276 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.
- Direct plan expenses (0.70% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,965,960 |
| Participant (employee) contributions | $19,030,328 |
| Other contributions (incl. rollovers in) | $2,173,201 |
| Administrative expenses paid from the plan | $2,004,373 |
| Contract administrator fees | $30,875 |
| Investment advisory & management fees | $1,027,320 |
| Benefits paid out | $23,924,305 |
| Net assets, start / end of year | $269.1M / $304.0M |
| Active participants, start / end of year | 22,246 / 21,014 |
| Participants with account balances | 11,695 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $798,052 reported compensation |
| Voya Retirement Advisors, LLC | $124,143 reported compensation |
| Capfinancial Partners LLC | $115,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014124735NAL0001402275001, received 2025-10-14, EIN 24-0755415, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.