Discount Drug Mart, Inc. 401(k) Review & Grade
Discount Drug Mart, Inc. 401(k) Profit Sharing Plan
Medina, OHRetail Trade4,644 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$536Employer $ per active participant
$1,019Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$169.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 57th |
| Employee saving | 20th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($39 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Discount Drug Mart put in about $536 per active participant, below the typical peer ($650). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,491,393 |
| Participant (employee) contributions | $4,731,112 |
| Other contributions (incl. rollovers in) | $637,442 |
| Administrative expenses paid from the plan | $169,459 |
| Investment advisory & management fees | $21,550 |
| Benefits paid out | $12,897,706 |
| Net assets, start / end of year | $164.6M / $169.4M |
| Active participants, start / end of year | 4,626 / 4,662 |
| Participants with account balances | 1,344 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $163,154 reported compensation |
| Treetop Consulting LLC | $6,255 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260113104905NAL0014102657001, received 2026-01-13, EIN 34-1032966, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.