Indiana Grocery Group, LLC 401(k) Review & Grade
Strack & Van Til Retirement Plan
Highland, INRetail Trade1,716 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$262Employer $ per active participant
$775Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$26.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.4 / 5019th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 19th |
| Employee saving | 10th |
| Peers that auto-enroll | 48% |
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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 ($45,510 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Indiana Grocery Group put in about $262 per active participant, below the typical peer ($743). 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 (0.57% 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.
- 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 | $449,792 |
| Participant (employee) contributions | $1,330,943 |
| Other contributions (incl. rollovers in) | $5 |
| Administrative expenses paid from the plan | $141,707 |
| Investment advisory & management fees | $36,000 |
| Benefits paid out | $1,981,421 |
| Net assets, start / end of year | $23.7M / $26.1M |
| Active participants, start / end of year | 1,733 / 1,700 |
| Participants with account balances | 356 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Swartz, Retson & Co., P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $93,478 reported compensation |
| Gallagher Fiduciary Advisors LLC | $36,000 reported compensation |
| Swartz, Retson & Co, P. C. | $12,063 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013093846NAL0001047313003, received 2025-10-13, EIN 82-1621364, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.