Plan Snapshot
- Plan Sponsor: The Fresh Market, INC.
- Sponsor EIN: 561311233
- Sponsor Address: 300 NORTH GREENE STREET, SUITE 1100, GREENSBORO, NC, 27401
- Plan Type: 401(k)
- Total Participants: 7,390
- Total Assets: $78.8M
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 | 7,390 | $78.8M | $3.5M | $7.6M |
| 2023 | 7,903 | $68.7M | $3.1M | $6.9M |
| 2022 | 6,510 | $56.6M | $2.1M | $6.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $284,408 | — | $284,408 |
| MMA SECURITIES LLC | INVESTMENT ADVISORY | $37,500 | — | $37,500 |
| SMITH LEONARD PLLC | ACCOUNTANT | $21,141 | — | $21,141 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MMA SECURITIES LLC — INVESTMENT ADVISORY
- SMITH LEONARD PLLC — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $343,049
- Estimated Expense Ratio: 0.435% 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 | $345,704 | $37,500 | $284,408 | — | — |
| 2023 | $266,775 | $37,500 | $213,150 | $16,125 | — |
| 2022 | $174,631 | — | — | — | — |