Plan Ledger DOL Form 5500 · updated monthly

Grade a Market, Incorporated401(k)

GRADE A MARKET, INCORPORATED 401K PLAN · NORWALK, CT · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Grade a Market, Incorporated reported $160,502 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,024 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 0.36% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 243rd-largest of 1,106 plans among Connecticut employers on file, and the 480th of 5,215 in retail trade. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$73,978,452
Participants with balances1,340
Active participants1,431
Employer contributions$1,466,030
Employee contributions$3,502,638
Employer contribution per active participant$1,024
Average account balance$55,208
Benefits paid to participants$4,211,245
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$74.0M · 1,340 accts · $1.5M emplr
2023$64.4M · 1,093 accts · $1.7M emplr
2022$59.0M · 1,011 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,218
Investment management$65,284
Total administrative$160,502
The Grade a Market, Incorporated 401(k) match · 2024
Employer contribution per active participant$1,024
Median for plans this size$3,635
2024$1,024 per active participant
2023$1,279 per active participant
2022$1,199 per active participant

Grade a Market, Incorporated's 2024 employer contribution ran below the $3,635 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$95,218
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$65,284
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, John Hancock

This plan has changed recordkeepers within these filings. If you left Grade a Market, Incorporated before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$160,502 · 0.23%
2023$180,400 · 0.29%
2022$238,600 · 0.36%
Same employer
Similar plansRetail Trade · Connecticut
Bh Shoe Holdings, Inc CT$117.8M · 0.19%
Stew Leonard's CT$115.3M · 0.14%
Mbi, Inc. CT$111.4M
Ed Mitchell, Inc. CT$77.0M · 0.29%
Colony Hardware Corp. CT$63.9M · 0.32%
Sdi Stores, LLC CT$34.6M · 0.48%
Prrc, Inc. CT$31.9M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060755573 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.