Aldi 401(k) match, vesting and fees
What Aldi's 401(k) plan says about matching contributions
The Company shall make matching contributions equal to 100% of a participant’s contributions for the Plan year, up to 5% of the participant’s 401(k) eligible compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Roth contributions | Participants can elect to contribute Roth contributions as well as pre-tax contributions. | Audit report, p. 28 ↗ |
| Loans | Notes receivable from participants Participants may borrow from their fund accounts. The maximum amount that a participant may borrow is limited to the lesser of $50,000 reduced by the highest outstanding balance of the loans during the preceding twelve month period, or 50% of the nonforfeitable value of the sum of the employee deferral contribution, employee Roth contribution, rollover contribution and Roth rollover contribution accounts as of the date that the loan is approved. The maximum loan term is five years, except when the loan is used to purchase a primary residence; then, the loan may be repaid over a maximum term of fifteen years. The loans are secured by the balance in the participant’s account and bear interest at prime plus 1%. | Audit report, p. 28 ↗ |
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Porte Brown LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 22 defined-contribution plans in retail trade with 50,000 or more participants.
| Aldi: employer contribution per participant | $1,178 | |
| Peer median | $1,179 |
| Aldi: average balance | $31,617 | |
| Peer median | $58,043 |
| Aldi: admin expenses ÷ assets | 0.11% | |
| Peer median | 0.09% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.7B at the end of plan year 2023 to $2.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 68,605 | $2.1B | $76.9M | $1,178 | 0.11% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 62,428 | $1.7B | $65.1M | $1,109 | 0.13% | Not published | Form 5500 ↗ |
Common questions
Does Aldi match 401(k) contributions?
The audit report attached to the Aldi Inc. Retirement Savings Plan's plan year 2024 Form 5500, page 28 says: “The Company shall make matching contributions equal to 100% of a participant’s contributions for the Plan year, up to 5% of the participant’s 401(k) eligible compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Aldi 401(k) match vested?
The vesting schedule for the Aldi Inc. Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Aldi 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Aldi Inc..
I left Aldi. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Aldi Inc., (331) 250-7935) or the recordkeeper, T Rowe Price Rps Inc. The Aldi old 401(k) page lists the contacts from every plan filing. Find an old Aldi 401(k)
Data from the public Form 5500 annual reports Aldi filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Aldi. Not financial advice. Report a correction · Methodology