Plan Ledger DOL Form 5500 · updated monthly

Monro, Inc.401(k)

MONRO, INC. 401(K) PLAN · ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Monro, Inc. reported $178,272 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~75% of peers. Employer contributions averaged $202 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 0.40% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 971st-largest of 5,648 plans among New York employers on file, and the 258th of 3,341 in other services. In 2024, employees put in $3.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$77,359,189
Participants with balances1,676
Active participants8,038
Employer contributions$1,626,165
Employee contributions$5,107,576
Employer contribution per active participant$202
Average account balance$46,157
Benefits paid to participants$15,063,289
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$77.4M · 1,676 accts · $1.6M emplr
2023$75.4M · 1,904 accts · $2.0M emplr
2022$67.3M · 2,091 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,431
Investment management$30,000
Audit (IQPA)$25,000
Total administrative$178,272
The Monro, Inc. 401(k) match · 2024
Employer contribution per active participant$202
Median for plans this size$3,635
2024$202 per active participant
2023$306 per active participant
2022$197 per active participant

Monro, Inc.'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 · 20245
EMPOWER ANNUITY INSURANCE COMPANY O · Contract administrator · Recordkeeping$113,431
ONE DIGITAL TOPCO LLC DBA RESOURCES · Investment advisory (plan) · Consulting$30,000
FREED MAXICK CPAS PC · Accounting / audit$25,000
IMMEDIATE MAILING SERVICES · Participant communication$8,131
NIXON PEABODY LLP · Legal$1,710

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

Recordkeeper by year2
2024Empower
2023Prudential

This plan has changed recordkeepers within these filings. If you left Monro, Inc. 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$178,272 · 0.23%
2023$233,768 · 0.33%
2022$286,478 · 0.40%
Same employer
Similar plansOther Services · New York
Betterment Holdings, Inc NY$89.3M · 0.01%
Girl Scouts of the USA NY$75.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160838627 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.