Schottenstein Stores Corp. 401(k) Review & Grade
The Profit Sharing and 401(k) Plan
Columbus, OHRetail Trade3,345 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$731Employer $ per active participant
$2,645Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$163.5MNet plan assets, end of year
$34,291Average balance per account
Score breakdown
- Employer generosity26.9 / 5054th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 66th |
| Employee saving | 61th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $174,355 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schottenstein Stores put in about $731 per active participant, more than the typical peer ($650). 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 | $2,445,273 |
| Participant (employee) contributions | $8,846,895 |
| Other contributions (incl. rollovers in) | $1,030,206 |
| Administrative expenses paid from the plan | $124,499 |
| Investment advisory & management fees | $12,500 |
| Benefits paid out | $28,712,834 |
| Net assets, start / end of year | $161.5M / $163.5M |
| Active participants, start / end of year | 3,587 / 3,103 |
| Participants with account balances | 4,767 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Baker Tilly US LLP | $18,500 reported compensation |
| Callan Holdings Inc | $12,500 reported compensation |
| Fidelity Investments Institutional | $10,609 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014084715NAL0005152946001, received 2025-10-14, EIN 31-0820773, plan #334, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.