Plan Snapshot
- Plan Sponsor: Monro, INC.
- Sponsor EIN: 160838627
- Sponsor Address: 295 WOODCLIFF DRIVE SUITE 202, FAIRPORT, NY, 14450
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 6,939
- Total Assets: $82.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 6,939 | $82.2M | $0 | $0 |
| 2024 | 8,038 | $77.4M | $1.6M | $5.1M |
| 2023 | 6,672 | $75.5M | $2.0M | $6.0M |
| 2022 | 8,479 | $67.3M | $1.7M | $6.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $119,412 | — | $119,412 |
| ONE DIGITAL TOPCO LLC DBA RESOURCES | Other Service Provider | $30,000 | — | $30,000 |
| FREED MAXICK CPAS PC | Auditor | $17,000 | — | $17,000 |
| MONRO INC | Other Service Provider | $12,000 | — | $12,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $178,412
- Estimated Expense Ratio: 0.217% 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 |
|---|---|---|---|---|---|
| 2025 | $14,056,829 | $30,000 | — | $17,000 | — |
| 2024 | $178,272 | $30,000 | $26,717 | $25,000 | — |
| 2023 | $233,768 | $30,000 | $174,754 | $21,500 | — |
| 2022 | $286,478 | — | $221,375 | — | $65,103 |