Big Y Foods, Inc. 401(k) Review & Grade
Big Y Foods, Inc. 401(k) Retirement Savings Plan
Springfield, MARetail Trade9,266 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,563Employer $ per active participant
$2,717Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$573.8MNet plan assets, end of year
$65,049Average balance per account
Score breakdown
- Employer generosity39.8 / 5080th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 51th |
| Employee saving | 63th |
| Peers that auto-enroll | 42% |
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
- Big Y Foods put in about $1,563 per active participant, more than the typical peer ($650). 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.
- 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 | $14,486,592 |
| Participant (employee) contributions | $25,179,196 |
| Other contributions (incl. rollovers in) | $1,039,529 |
| Administrative expenses paid from the plan | $655,579 |
| Investment advisory & management fees | $164,016 |
| Benefits paid out | $46,277,526 |
| Net assets, start / end of year | $522.6M / $573.8M |
| Active participants, start / end of year | 8,203 / 10,329 |
| Participants with account balances | 8,821 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $472,519 reported compensation |
| Strategic Advisors, Inc. | $114,016 reported compensation |
| NFP Retirement, Inc | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916145054NAL0002076177001, received 2025-09-16, EIN 04-2052307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.