Plan Ledger DOL Form 5500 · updated monthly

The Save Mart Companies401(k)

SAVE MART COMPANIES RETIREMENT SAVINGS PLAN · MODESTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

The Save Mart Companies reported $1,039,540 in plan administrative expenses for 2024: 0.11% of average plan assets, above the peer median. Employer contributions averaged $391 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 0.12% to 0.11%. 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 136th-largest of 9,483 plans among California employers on file, and the 64th of 5,215 in retail trade. In 2024, employees put in $5.68 for every $1.00 the employer contributed; active participation has shrunk from 13,954 to 11,855 since 2022.

Plan summary
Net assets, end of year$992,956,330
Participants with balances6,853
Active participants11,855
Employer contributions$4,639,361
Employee contributions$26,358,168
Employer contribution per active participant$391
Average account balance$144,894
Benefits paid to participants$117,843,364
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$993.0M · 6,853 accts · $4.6M emplr
2023$949.8M · 7,174 accts · $4.9M emplr
2022$880.2M · 7,339 accts · $5.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$967,626
Investment management$71,914
Total administrative$1,039,540
The The Save Mart Companies 401(k) match · 2024
Employer contribution per active participant$391
Median for plans this size$4,294
2024$391 per active participant
2023$384 per active participant
2022$412 per active participant

The Save Mart Companies'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$944,755
CREATIVE PLANNING, LLC · Contract administrator · Investment advisory (participants)$94,785

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$1,039,540 · 0.11%
2023$1,112,293 · 0.12%
2022$1,226,883 · 0.12%
Same employer
Similar plansRetail Trade · California
Trader Joe's Company CA$3.2B · 0.02%
Gap Inc. CA$2.6B · 0.06%
Ebay Inc. CA$2.0B · 0.01%
Ross Stores, Inc. CA$1.0B · 0.06%
Williams-Sonoma, Inc. CA$882.6M · 0.08%
Raley's CA$639.7M · 0.11%
Sephora USA Inc. CA$600.1M · 0.22%
Hft Holdings, Inc. CA$473.9M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 941245496 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.