Northeast Grocery, Inc. 401(k) Review & Grade
Northeast Grocery 401(k) Plan
Schenectady, NYRetail Trade16,148 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$920Employer $ per active participant
$1,333Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$552.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 52th |
| Employee saving | 37th |
| 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
- Northeast Grocery put in about $920 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.
- 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 | $14,859,813 |
| Participant (employee) contributions | $21,518,414 |
| Other contributions (incl. rollovers in) | $3,679,172 |
| Administrative expenses paid from the plan | $428,727 |
| Investment advisory & management fees | $167,248 |
| Benefits paid out | $53,116,146 |
| Net assets, start / end of year | $491.5M / $552.7M |
| Active participants, start / end of year | 14,592 / 17,703 |
| Participants with account balances | 7,105 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Teal Becker & Chiaramonte Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $227,131 reported compensation |
| Capfinancial Partners , LLC | $87,938 reported compensation |
| Strategic Advisors, Inc. | $79,311 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014091438NAL0001158275001, received 2025-10-14, EIN 86-3693178, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.