Gerrity's Supermarket, Inc. 401(k) Review & Grade
Gerrity's Supermarket, Inc. Retirement Plan
Scranton, PAManufacturing729 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$165Employer $ per active participant
$968Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$21.8MNet plan assets, end of year
$21,937Average balance per account
Score breakdown
- Employer generosity1.3 / 503th percentile for employer $ per participant
- Low cost8.2 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 33th |
| Employee saving | 3th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $36,777 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Gerrity's Supermarket put in about $165 per active participant, below the typical peer ($2,320). 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 (0.37% of assets) are well above similar-size plans (0.23%). 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 | $120,485 |
| Participant (employee) contributions | $705,620 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $78,565 |
| Investment advisory & management fees | $22,250 |
| Benefits paid out | $2,098,897 |
| Net assets, start / end of year | $20.3M / $21.8M |
| Active participants, start / end of year | 756 / 702 |
| Participants with account balances | 996 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | MMQ & Associates, P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $50,649 reported compensation |
| Alliance Wealth Advisors LLC | $12,305 reported compensation |
| The Benefits Group, LLC | $9,945 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251021064138NAL0001001393001, received 2025-10-21, EIN 23-2150407, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.