Plan Ledger DOL Form 5500 · updated monthly

Whole Foods Market, Inc.401(k)

WHOLE FOODS MARKET GROWING YOUR FUTURE 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Whole Foods Market, Inc. reported $4,165,833 in plan administrative expenses for 2024: 0.19% of average plan assets, higher than ~90% of peers. Employer contributions averaged $551 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 0.24% to 0.19%. 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 58th-largest of 5,688 plans among Texas employers on file, and the 27th of 5,215 in retail trade. In 2024, employees put in $4.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,435,672,819
Participants with balances99,215
Active participants95,856
Employer contributions$52,797,789
Employee contributions$249,332,189
Employer contribution per active participant$551
Average account balance$24,549
Benefits paid to participants$231,379,137
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.4B · 99,215 accts · $52.8M emplr
2023$2.1B · 110,251 accts · $8.7M emplr
2022$1.7B · 111,989 accts · $8.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,534,914
Investment management$493,731
Audit (IQPA)$39,900
Total administrative$4,165,833
The Whole Foods Market, Inc. 401(k) match · 2024
Employer contribution per active participant$551
Median for plans this size$5,259
2024$551 per active participant
2023$94 per active participant
2022$86 per active participant

Whole Foods Market, 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.

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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,539,788
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$493,731
COOK STREET CONSULTING, INC. · Consulting$97,288
FORVIS MAZARS, LLP · Accounting / audit$39,900

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$4,165,833 · 0.19%
2023$4,354,833 · 0.23%
2022$4,288,913 · 0.24%
Same employer
Similar plansRetail Trade · Texas
Trader Joe's Company CA$3.2B · 0.02%
Hy-Vee, Inc. IA$3.1B · 0.11%
Dillard's, Inc. AR$3.0B · 0.08%
Gap Inc. CA$2.6B · 0.06%
Cdw LLC IL$2.3B · 0.03%
Kohl's Inc. WI$2.3B

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 741989366 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.