Crest Discount Foods 401(k) match, vesting and fees
What Crest Discount Foods' 401(k) plan says about matching contributions
The Company may make a discretionary matching contribution, not to exceed 3% of a participant’s compensation, based on a participant’s deferral contribution percentage. Any discretionary matching contribution is participant directed. Safe harbor non-elective contributions of 3% of a participant’s compensation were made by the Company during 2024 and 2023. The Company also made a discretionary profit sharing contribution to the plan during 2024 and 2023. The safe harbor and discretionary profit sharing contributions are both participantdirected.
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. 24 ↗ |
| Match vesting | Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of service. A participant is 100% vested after six years of credited service. Participants are immediately vested in the non-elective safe harbor employer contributions. | Audit report, p. 24 ↗ |
| Recordkeeper | Bokf, NA | Schedule C ↗ |
| Independent auditor | Peters & Chandler (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 479 defined-contribution plans in retail trade with 1,000 to 4,999 participants.
| Crest Discount Foods: employer contribution per participant | $1,762 | |
| Peer median | $1,023 |
| Crest Discount Foods: average balance | $31,873 | |
| Peer median | $43,395 |
| Crest Discount Foods: admin expenses ÷ assets | 0.33% | |
| Peer median | 0.23% |
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 $44.4M at the end of plan year 2021 to $54.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,736 | $54.1M | $3M | $1,762 | 0.33% | Quoted in the audit report, p. 24 ↗ | Form 5500 ↗ |
| 2023 | 1,824 | $47M | $2.9M | $1,714 | 0.36% | Not published | Form 5500 ↗ |
| 2022 | 1,742 | $38.5M | $2.7M | $1,679 | 0.37% | Not published | Form 5500 ↗ |
| 2021 | 1,455 | $44.4M | $2.3M | $1,608 | 0.43% | Not published | Form 5500 ↗ |
Common questions
Does Crest Discount Foods match 401(k) contributions?
The audit report attached to the Crest Discount Foods, Inc. 401(k) Profit Sharing Plan's plan year 2024 Form 5500, page 24 says: “The Company may make a discretionary matching contribution, not to exceed 3% of a participant’s compensation, based on a participant’s deferral contribution percentage. Any discretionary matching contribution is participant directed. Safe harbor non-elective contributions of 3% of a participant’s compensation were made by the Company during 2024 and 2023. The Company also made a discretionary profit sharing contribution to the plan during 2024 and 2023. The safe harbor and discretionary profit sharing contributions are both participantdirected.” Plan terms may have changed; check your current Summary Plan Description.
When is the Crest Discount Foods 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 24 says: “Participants are immediately vested in their contributions plus actual earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of service. A participant is 100% vested after six years of credited service. Participants are immediately vested in the non-elective safe harbor employer contributions.”
Who manages the Crest Discount Foods 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Bokf, NA. The plan administrator is Crest Discount Foods, Inc..
I left Crest Discount Foods. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Crest Discount Foods, Inc., (405) 330-8100) or the recordkeeper, Bokf, NA. The Crest Discount Foods old 401(k) page lists the contacts from every plan filing. Find an old Crest Discount Foods 401(k)
Data from the public Form 5500 annual reports Crest Discount Foods filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Crest Discount Foods. Not financial advice. Report a correction · Methodology