Plan Ledger DOL Form 5500 · updated monthly

The Fresh Market, Inc.401(k)

THE FRESH MARKET, INC. EMPLOYEES 401K SAVINGS PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

The Fresh Market, Inc. reported $345,704 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~90% of peers. Employer contributions averaged $473 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 rose from 0.29% to 0.47%. 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 256th-largest of 2,005 plans among North Carolina employers on file, and the 455th of 5,215 in retail trade. In 2024, employees put in $2.17 for every $1.00 the employer contributed; active participation has grown from 6,510 to 7,390 since 2022.

Plan summary
Net assets, end of year$78,772,705
Participants with balances2,762
Active participants7,390
Employer contributions$3,496,506
Employee contributions$7,572,628
Employer contribution per active participant$473
Average account balance$28,520
Benefits paid to participants$12,891,419
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$78.8M · 2,762 accts · $3.5M emplr
2023$68.7M · 2,476 accts · $3.1M emplr
2022$56.6M · 2,644 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$284,408
Investment management$37,500
Total administrative$345,704
The The Fresh Market, Inc. 401(k) match · 2024
Employer contribution per active participant$473
Median for plans this size$3,635
2024$473 per active participant
2023$393 per active participant
2022$326 per active participant

The Fresh Market, 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$284,408
MMA SECURITIES LLC · Investment advisory (plan)$37,500
SMITH LEONARD PLLC · Accounting / audit$21,141

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$345,704 · 0.47%
2023$266,775 · 0.43%
2022$174,631 · 0.29%
Same employer
Similar plansRetail Trade · North Carolina
Carolina Dealerships Inc. NC$112.2M · 0.73%
Rack Room Shoes, Inc. NC$80.7M · 0.27%
Driven Brands Inc. NC$79.9M · 0.34%
Cato Corporation NC$72.9M · 0.07%
Replacements, LTD. NC$63.8M · 0.19%
Sports Endeavors, LLC NC$56.6M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561311233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.