# Sprouts Farmers Markets Holdings, LLC 401(k) Plan
Source: https://planprovider.pro/companies/sprouts-farmers-markets-holdings-llc-401k-plan

> Sprouts Farmers Markets Holdings, LLC&#39;s 401(k) plan: 35,946 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sprouts Farmers Markets Holdings, LLC

- **Sponsor EIN:** 451076258

- **Sponsor Address:** 5455 E. HIGH STREET, PHOENIX, AZ, 85054

- **Plan Type:** 401(k)

- **Total Participants:** 35,946

- **Total Assets:** $264.6M

## 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.|

| 2024|35,946|$264.6M|$9.0M|$31.5M|

| 2023|26,444|$218.6M|$8.0M|$27.4M|

| 2022|23,558|$169.6M|$7.1M|$25.2M|

## 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|

| PLANTE & MORAN PLLC|Auditor|$34,650|—|$34,650|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $34,650

- **Estimated Expense Ratio:** 0.013% 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|$444,214|$129,698|$600|$34,650|—|

| 2023|$297,725|$133,154|$1,200|$33,000|—|

| 2022|$241,050|$98,206|—|—|—|

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