Plan Ledger DOL Form 5500 · updated monthly

Meijer, Inc.401(k)

MEIJER 401K RETIREMENT PLAN I · GRAND RAPIDS, MI · plan year 2024

Employer contribution per participant · 2024
$1,467

Meijer, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,623,432,271 across 33,446 participant accounts, with employer contributions averaging $1,467 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other retail trade employers. By assets it is the 21st-largest of 2,619 plans among Michigan employers on file, and the 38th of 5,215 in retail trade. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,623,432,271
Participants with balances33,446
Active participants31,231
Employer contributions$45,829,002
Employee contributions$81,788,768
Employer contribution per active participant$1,467
Average account balance$48,539
Benefits paid to participants$126,582,437
Plan auditUnmodified (clean) audit opinion
AuditorHUNGERFORD
Plan history3
Yearassets · accounts · employer contribution
2024$1.6B · 33,446 accts · $45.8M emplr
2023$1.4B · 31,751 accts · $49.0M emplr
2022$1.2B · 29,739 accts · $48.5M emplr
The Meijer, Inc. 401(k) match · 2024
Employer contribution per active participant$1,467
Median for plans this size$5,259
2024$1,467 per active participant
2023$1,551 per active participant
2022$1,549 per active participant

Meijer, Inc.'s 2024 employer contribution ran below the $5,259 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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
MEIJER 401K RETIREMENT PLAN I401(k)
MEIJER 401K RETIREMENT PLAN II401(k)
Same employer
Similar plansRetail Trade · Michigan
Ebay Inc. CA$2.0B · 0.01%
Nutrien US LLC CO$2.0B · 0.09%
O'Reilly Automotive, Inc. MO$1.9B · 0.18%
Carmax, Inc. VA$1.8B · 0.06%
Staples, Inc. MA$1.5B · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381274536 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.