Plan Ledger DOL Form 5500 · updated monthly

Big Y Foods, Inc.401(k)

BIG Y FOODS, INC. 401(K) RETIREMENT SAVINGS PLAN · SPRINGFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.12%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Big Y Foods, Inc. reported $655,579 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $1,403 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.15% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 104th-largest of 2,726 plans among Massachusetts employers on file, and the 102nd of 5,215 in retail trade. In 2024, employees put in $1.74 for every $1.00 the employer contributed; active participation has grown from 7,763 to 10,329 since 2022.

Plan summary
Net assets, end of year$573,801,128
Participants with balances8,821
Active participants10,329
Employer contributions$14,486,592
Employee contributions$25,179,196
Employer contribution per active participant$1,403
Average account balance$65,049
Benefits paid to participants$46,277,526
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$573.8M · 8,821 accts · $14.5M emplr
2023$522.6M · 8,088 accts · $13.6M emplr
2022$459.1M · 7,962 accts · $12.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$472,520
Investment management$164,016
Audit (IQPA)$19,043
Total administrative$655,579
The Big Y Foods, Inc. 401(k) match · 2024
Employer contribution per active participant$1,403
Median for plans this size$4,294
2024$1,403 per active participant
2023$1,663 per active participant
2022$1,638 per active participant

Big Y Foods, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$472,519
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$114,016
NFP RETIREMENT, INC · Investment advisory (plan)$50,000
CLIFTONLARSONALLEN LLP · Accounting / audit$18,243

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$655,579 · 0.12%
2023$596,071 · 0.12%
2022$733,411 · 0.15%
Same employer
Similar plansRetail Trade · Massachusetts
Ahold USA, Inc. MA$910.2M · 0.08%
Bj's Wholesale Club Inc MA$661.1M · 0.13%
Usr Parent Inc. MA$404.6M · 0.13%
Eg Retail (America) LLC MA$337.9M · 0.20%
The Talbots LLC MA$236.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042052307 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.