Dollar General Corporation 401(k) Review & Grade
Dollar General Corp 401(k) Savings and Retirement Plan
Goodlettsville, TNRetail Trade206,392 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$184Employer $ per active participant
$292Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$824.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 13th |
| Employee saving | 2th |
| 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
- Dollar General put in about $184 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 (0.25% 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.
- 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 | $37,935,922 |
| Participant (employee) contributions | $60,165,096 |
| Other contributions (incl. rollovers in) | $4,426,674 |
| Administrative expenses paid from the plan | $1,949,914 |
| Contract administrator fees | $159,800 |
| Investment advisory & management fees | $809,002 |
| Other admin expenses | $245,847 |
| Benefits paid out | $93,720,185 |
| Net assets, start / end of year | $722.5M / $824.5M |
| Active participants, start / end of year | 217,948 / 194,837 |
| Participants with account balances | 24,431 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lbmc PC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $1,051,621 reported compensation |
| Voya Retirement Advisors | $809,002 reported compensation |
| Prisma Nashville LLC | $89,291 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014134042NAL0004109328001, received 2025-10-14, EIN 61-0502302, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.