Plan Snapshot
- Plan Sponsor: Food Lion, LLC
- Sponsor EIN: 562173154
- Sponsor Address: 2110 EXECUTIVE DRIVE, SALISBURY, NC, 28145
- Plan Type: 401(k)
- Total Participants: 81,798
- Total Assets: $1.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 81,798 | $1.3B | $40.9M | $57.7M |
| 2023 | 83,873 | $1.1B | $37.2M | $50.8M |
| 2022 | 83,522 | $1.0B | $33.0M | $43.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $1,400,905 | — | $1,400,905 |
| AON INVESTMENTS USA INC. | Investment Advisor | $17,407 | — | $17,407 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,418,312
- Estimated Expense Ratio: 0.112% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,419,324 | $17,407 | $5,400 | — | — |
| 2023 | $1,181,321 | $16,850 | $2,100 | — | — |
| 2022 | $1,218,130 | — | — | — | — |