Tractor Supply Company 401(k) Review & Grade
Tractor Supply Company 401(k) Retirement Savings Plan
Brentwood, TNRetail Trade52,437 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$402Employer $ per active participant
$839Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$559.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.0 / 5026th percentile for employer $ per participant
- Low cost3.3 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 13th |
| Employee saving | 20th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,741 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tractor Supply put in about $402 per active participant, below the typical peer ($689). 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 (0.24% of assets) are well above similar-size plans (0.09%). 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 | $21,089,421 |
| Participant (employee) contributions | $44,009,799 |
| Other contributions (incl. rollovers in) | $10,925,966 |
| Administrative expenses paid from the plan | $1,248,146 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $95,288 |
| Other admin expenses | $264,291 |
| Benefits paid out | $59,644,511 |
| Net assets, start / end of year | $476.9M / $559.7M |
| Active participants, start / end of year | 49,025 / 55,849 |
| Participants with account balances | 16,338 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $22,200,835 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $888,579 reported compensation |
| Towers Watson Investment Services, | $264,291 reported compensation |
| Strategic Advisors, Inc. | $95,288 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144753NAL0006642368001, received 2025-10-15, EIN 13-3139732, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.