Toot'n Totum Food Stores, LLC 401(k) Review & Grade
Toot'n Totum Food Stores 401(k) Plan
Amarillo, TXRetail Trade980 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$283Employer $ per active participant
$1,449Employee $ saved per active participant
0.84%Direct admin cost, % of plan assets
$12.9MNet plan assets, end of year
$11,451Average balance per account
Score breakdown
- Employer generosity10.3 / 5021th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 9th |
| Employee saving | 24th |
| 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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($133,984 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Toot'n Totum Food Stores put in about $283 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 (0.84% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $277,276 |
| Participant (employee) contributions | $1,419,987 |
| Other contributions (incl. rollovers in) | $102 |
| Administrative expenses paid from the plan | $112,945 |
| Investment advisory & management fees | $73,015 |
| Benefits paid out | $4,545,182 |
| Net assets, start / end of year | $13.9M / $12.9M |
| Active participants, start / end of year | 1,107 / 853 |
| Participants with account balances | 1,126 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cmms Cpas & Advisors PLLC |
Largest service providers (Schedule C)
| Amarillo National Bank | $72,203 reported compensation |
| Empower Annuity Insurance Company | $39,930 reported compensation |
| Empower Advisory Group, LLC | $812 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008145454NAL0009650752001, received 2025-10-08, EIN 75-0948150, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.