Rite Aid Corporation 401(k) Review & Grade
Rite Aid Corporation 401(k) for Collectively Bargained Associates
Harrisburg, PARetail Trade6,206 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$54Employer $ per active participant
$932Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$68.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.7 / 505th percentile for employer $ per participant
- Low cost5.6 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 23th |
| Employee saving | 18th |
| Peers that auto-enroll | 42% |
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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
- Rite Aid put in about $54 per active participant, below the typical peer ($650). 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 (0.30% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $333,608 |
| Participant (employee) contributions | $5,785,759 |
| Other contributions (incl. rollovers in) | $69,407 |
| Administrative expenses paid from the plan | $208,471 |
| Investment advisory & management fees | $39,506 |
| Benefits paid out | $14,097,360 |
| Net assets, start / end of year | $68.4M / $68.8M |
| Active participants, start / end of year | 7,246 / 5,165 |
| Participants with account balances | 2,795 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $100,974 reported compensation |
| Empower Advisory Group, LLC | $22,785 reported compensation |
| Cliftonlarsonallen LLP | $16,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905141522NAL0017221937001, received 2025-09-05, EIN 23-1614034, plan #032, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.