Moran Foods, LLC 401(k) Review & Grade
Save a Lot 401(k) Plan
ST. Ann, MORetail Trade934 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,633Employer $ per active participant
$5,171Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$122.5MNet plan assets, end of year
$46,767Average balance per account
Score breakdown
- Employer generosity45.7 / 5091th percentile for employer $ per participant
- Low cost9.6 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 38th |
| Employee saving | 83th |
| Peers that auto-enroll | 48% |
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
- Moran Foods put in about $2,633 per active participant, more than the typical peer ($743). 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 | $2,458,269 |
| Participant (employee) contributions | $4,827,474 |
| Other contributions (incl. rollovers in) | $35,035 |
| Administrative expenses paid from the plan | $383,644 |
| Contract administrator fees | $18,591 |
| Investment advisory & management fees | $10,657 |
| Other admin expenses | $80,150 |
| Benefits paid out | $15,689,114 |
| Net assets, start / end of year | $117.1M / $122.5M |
| Active participants, start / end of year | 974 / 893 |
| Participants with account balances | 2,619 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | SFW Partners, LLC |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $138,824 reported compensation |
| Capfinancial Partners | $56,250 reported compensation |
| Voya Retirement Advisors, LLC | $10,657 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094212NAL0001049457001, received 2025-10-13, EIN 43-1283296, plan #018, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.