Plan Ledger DOL Form 5500 · updated monthly

Petsmart, Inc.401(k)

PETSMART, INC. SAVESMART 401(K) PLAN · PHOENIX, AZ · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Petsmart, Inc. reported $957,425 in plan administrative expenses for 2024: 0.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $334 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 0.20% to 0.15%. 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 24th-largest of 1,285 plans among Arizona employers on file, and the 94th of 5,215 in retail trade. In 2024, employees put in $3.11 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$667,249,092
Participants with balances15,099
Active participants46,794
Employer contributions$15,625,045
Employee contributions$48,593,608
Employer contribution per active participant$334
Average account balance$44,192
Benefits paid to participants$67,800,404
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$667.2M · 15,099 accts · $15.6M emplr
2023$576.0M · 15,107 accts · $16.0M emplr
2022$465.9M · 14,368 accts · $14.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$777,145
Investment management$92,101
Total administrative$957,425
The Petsmart, Inc. 401(k) match · 2024
Employer contribution per active participant$334
Median for plans this size$4,294
2024$334 per active participant
2023$336 per active participant
2022$295 per active participant

Petsmart, 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 · 20243
FIDELITY INVESTMENTS INST OP CO LLC · Loan processing$777,144
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$92,101
ABD RETIREMENT SERVICES, INC · Consulting$82,000

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$957,425 · 0.15%
2023$1,037,040 · 0.20%
2022$994,636 · 0.20%
Same employer
Similar plansRetail Trade · Arizona
Insight Enterprises, Inc. AZ$941.5M · 0.07%
The Circle K Retirement Plan AZ$505.9M · 0.23%
Spencer's Tv and Appliance AZ$374.9M · 0.00%
Carvana, LLC AZ$267.1M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943024325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.