Harris Teeter Supermarkets, Inc. 401(k) Review & Grade
Harris Teeter Supermarkets, Inc. Retirement and Savings Plan
Matthews, NCRetail Trade34,795 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,201Employer $ per active participant
$2,129Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$34,580Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 44th |
| Employee saving | 66th |
| Peers that auto-enroll | 32% |
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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
- Harris Teeter Supermarkets put in about $1,201 per active participant, more than the typical peer ($689). 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 | $41,793,816 |
| Participant (employee) contributions | $74,076,877 |
| Other contributions (incl. rollovers in) | $5,259,255 |
| Administrative expenses paid from the plan | $1,328,972 |
| Other admin expenses | $64,745 |
| Benefits paid out | $131,063,037 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 34,183 / 35,407 |
| Participants with account balances | 40,670 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $14,991,270 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $1,202,515 reported compensation |
| Aon | $87,992 reported compensation |
| Forvis Mazars, LLP | $44,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014084806NAL0005155618001, received 2025-10-14, EIN 56-0905940, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.