Grimco, Inc. 401(k) Review & Grade
Grimco, Inc. 401(k) and Profit Sharing Plan
Sunset Hills, MOWholesale Trade926 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,545Employer $ per active participant
$4,841Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$80.2MNet plan assets, end of year
$78,972Average balance per account
Score breakdown
- Employer generosity40.2 / 5080th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 47th |
| Employee saving | 53th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $62,449 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Grimco put in about $3,545 per active participant, more than the typical peer ($1,792). 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 | $3,284,862 |
| Participant (employee) contributions | $4,485,529 |
| Other contributions (incl. rollovers in) | $981,796 |
| Administrative expenses paid from the plan | $191,649 |
| Investment advisory & management fees | $38,479 |
| Benefits paid out | $8,686,535 |
| Net assets, start / end of year | $71.3M / $80.2M |
| Active participants, start / end of year | 1,089 / 764 |
| Participants with account balances | 1,015 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Armanino, LLP |
Largest service providers (Schedule C)
| Epic Retirement Plan Services | $153,170 reported compensation |
| Moneta Group LLC | $38,479 reported compensation |
| Charles Schwab Trust Bank | $28,073 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926155301NAL0014013954001, received 2025-09-26, EIN 43-0955083, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.