Retirement plan

401(K) PLAN FOR SALARIED EMPLOYEES OF STATER BROS.

Name: STATER BROS. MARKETS - 401(K) PLAN FOR SALARIED EMPLOYEES OF STATER BROS. (2023) Form 5500
Creator: STATER BROS. MARKETS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN FOR SALARIED EMPLOYEES OF STATER BROS., STATER BROS. MARKETS

STATER BROS. MARKETSEIN 95-2586175Plan #005PY 2023

301 SOUTH TIPPECANOE AVE PO BOX 150 - SAN BERNARDINO, CA 92408909-733-5000staterbros.comLinkedIn10001+ employeesretail

Other plans on this EIN

2 filings

#004Retirement-$151.2M assets #003Retirement-$24.8M assets

Prospect flagsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$99.7M

-8.4% from 2016

Total participants

1,164

-0.9% from 2016

Average account balance

$91,180

-7.5% from 2016

Annual return

15.82%

-5.82 pp from 2016

Benchmarks

See 1,316 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,316 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$107.10M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$96K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,117

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

91.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.09%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$98

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 13 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$78,142
SOREN MCADAM7 years Service code 10 · EIN 77-0549163	Accounting	$20,000

Plan features & details

Pension benefit codes2A2E2G2J2S2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$98K

$104 / participant

Contract admin$140.0%
Other / not subdivided$98K100.0%

% of EOY assets

0.099%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SOREN MCADAM LLP
Auditor EIN: 770549163
Audit fees: $98,353
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,180

$53,178+71.5%

$86,251+5.7%

$74,478+22.4%

Participation rate

92.5%

64.8%+27.7pp

69.0%+23.6pp

70.7%+21.8pp

Annual return

15.82%

22.63%-6.8pp

1170.54%-1154.7pp

34.37%-18.5pp

Employer contribution / active EE

$1,210-99.4%

$2,381-99.7%

$2,637-99.7%

Participant deferral / active EE

$7,210

$3,230+123.2%

$3,987+80.8%

$4,530+59.2%

Admin fee / account holder

$90

$553-83.7%

$6,857-98.7%

$347-74.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 13

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$78,142

SOREN MCADAM7 years

Service code 10 · EIN 77-0549163

Accounting

$20,000

401(K) PLAN FOR SALARIED EMPLOYEES OF STATER BROS.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN FOR SALARIED EMPLOYEES OF STATER BROS.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion