Market Basket 401(k) match, vesting and fees
What Market Basket's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Kestra Advisory Services | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,100 defined-contribution plans in accommodation and food services with 100 to 499 participants.
| Market Basket: employer contribution per participant | $125 | |
| Peer median | $935 |
| Market Basket: average balance | $53,470 | |
| Peer median | $24,052 |
| Market Basket: admin expenses ÷ assets | 0.26% | |
| Peer median | 0.61% |
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 $8.5M at the end of plan year 2021 to $9.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 200 | $9.1M | $21K | $125 | 0.26% | Not published | Form 5500 ↗ |
| 2023 | 203 | $7.8M | $24K | $136 | 0.26% | Not published | Form 5500 ↗ |
| 2022 | 204 | $6.8M | $24K | $141 | 0.26% | Not published | Form 5500 ↗ |
| 2021 | 213 | $8.5M | $22K | $121 | 0.25% | Not published | Form 5500 ↗ |
Common questions
Does Market Basket match 401(k) contributions?
The match terms for the The Market Basket 401(k) Retirement Plan have not been published from its filing yet. The plan year 2024 filing reports $21K in employer contributions, about $125 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Market Basket 401(k) match vested?
The vesting schedule for the The Market Basket 401(k) Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Market Basket 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Kestra Advisory Services. The plan administrator is Market Basket.
I left Market Basket. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Market Basket, (201) 891-2000) or the recordkeeper, Kestra Advisory Services. The Market Basket old 401(k) page lists the contacts from every plan filing. Find an old Market Basket 401(k)
Data from the public Form 5500 annual reports Market Basket 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 Market Basket. Not financial advice. Report a correction · Methodology