Industry · Form 5500 business code 445120
Convenience Stores: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
55 retirement plans in convenience stores with 100 or more participants filed Form 5500 for plan year 2024 (53 defined contribution, 2 defined benefit). All Form 5500 pension filers in the group reported 280,172 participant records and $15.1B in net assets.
The median defined contribution plan held $16,968 per participant, well below the national median of $53,031, and its employer put in $609 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $59.56 per participant against $123 nationally.
Employers contributed $270M and participants $314M during the year, and the plans paid out $1.34B in benefits.
In 2009 the same group numbered 89 plans with $2.47B; by 2024 it was 55 plans (down 38%) and $15.1B (up 509%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $16,968 | $53,031 | $46,928 | $86,234 |
| Employer contributions per active participant | $609 | $2,174 | — | $10,244 |
| Schedule C compensation per participant | $59.56 | $123 | $473 | $344 |
| Schedule C compensation, share of net assets | 0.36% | 0.26% | 0.76% | 0.42% |
| Administrative expenses per participant | $51.42 | $116 | $676 | $527 |
Medians across plans with 100 or more participants (50 DC and 2 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $7,468 | $16,968 | $27,634 | 50 |
| Employer contributions per active participant | $320 | $609 | $1,276 | 46 |
| Schedule C compensation per participant | $29.02 | $59.56 | $83.55 | 47 |
| Administrative expenses per participant | $27.33 | $51.42 | $96.80 | 47 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 55 | 280,172 | $15.1B | $270M | $314M | $16,968 | $59.56 |
| 2023 | 56 | 301,181 | $14.2B | $293M | $355M | $14,316 | $42.30 |
| 2022 | 75 | 250,087 | $12.1B | $275M | $321M | $12,186 | $51.38 |
| 2021 | 72 | 251,717 | $11.6B | $226M | $273M | $15,393 | $53.03 |
| 2020 | 69 | 192,030 | $9.44B | $161M | $213M | $17,666 | $43.14 |
| 2019 | 70 | 187,532 | $7.87B | $165M | $194M | $12,080 | $35.89 |
| 2018 | 68 | 196,378 | $6.55B | $149M | $174M | $11,676 | $23.78 |
| 2017 | 75 | 177,075 | $5.90B | $121M | $159M | $12,075 | $19.74 |
| 2016 | 79 | 171,517 | $5.01B | $111M | $145M | $11,374 | $29.77 |
| 2015 | 81 | 156,360 | $4.47B | $111M | $134M | $11,361 | $22.14 |
| 2014 | 83 | 185,609 | $4.31B | $141M | $133M | $11,586 | $15.92 |
| 2013 | 88 | 156,049 | $3.88B | $131M | $115M | $10,452 | $16.91 |
| 2012 | 88 | 143,388 | $3.43B | $123M | $103M | $8,892 | $15.34 |
| 2011 | 88 | 137,664 | $3.02B | $121M | $96.6M | $9,186 | $13.86 |
| 2010 | 87 | 130,358 | $2.82B | $114M | $88.6M | $7,740 | $15.39 |
| 2009 | 89 | 126,644 | $2.47B | $97.4M | $83.7M | $7,006 | $18.41 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 55 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 55 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| 7-ELEVEN, Inc. 401(k) Plan | 7-ELEVEN, Inc. | TX | DC | 71,029 | $1.05B | $14,724 | $464 | $24.58 |
| Wawa, Inc. Employee Stock Ownership Plan | Wawa, Inc. | PA | DC | 49,990 | $5.36B | $107,200 | — | $32.79 |
| Wawa, Inc. 401(k) Plan | Wawa, Inc. | PA | DC | 25,954 | $1.12B | $43,230 | $1,574 | $76.11 |
| Sheetz, Inc. 401(k) Retirement Plan | Sheetz, Inc. | PA | DC | 20,376 | $778M | $38,200 | $1,482 | $59.56 |
| Eg America Employee Savings Plan | Eg Retail (America) LLC | MA | DC | 20,327 | $338M | $16,625 | $318 | $31.65 |
| Sheetz, Inc. Employee Stock Ownership Plan | Sheetz, Inc. | PA | DC | 17,298 | $721M | $41,683 | $1,394 | — |
| Quiktrip Corporation Retirement Plan | Quiktrip Corporation | OK | DC | 16,605 | $4.83B | $290,710 | $9,536 | — |
| GPM Investments 401(k) Plan | GPM Investments, LLC | VA | DC | 13,246 | $39.2M | $2,958 | $107 | $16.01 |
| The Fresh Market, Inc. Employees 401(k) Savings Plan | The Fresh Market, Inc. | NC | DC | 7,815 | $78.8M | $10,080 | $473 | $43.90 |
| BW Gas & Convenience Holdings, LLC 401(k) Plan | BW Gas & Convenience Holdings, LLC | TX | DC | 4,363 | $26.9M | $6,170 | $364 | $28.04 |
| Gate Petroleum Company 401(k) Plan and Trust | Gate Petroleum Company | FL | DC | 2,676 | $83.4M | $31,167 | $1,073 | $50.42 |
| Mickey Mart, Inc. 401(k) Profit Sharing Plan | Mickey Mart, Inc. | OH | DC | 2,421 | $3.5M | $1,430 | $133 | $17.74 |
| Tri Star Services, LLC 401(k) Plan | Tri Star Services, LLC | TN | DC | 2,314 | $25.0M | $10,785 | $665 | $77.69 |
| United Dairy Farmers, Inc. Incentive Savings Plan | United Dairy Farmers, Inc. | OH | DC | 2,311 | $44.3M | $19,153 | $247 | $59.88 |
| MNS, Ltd. Profit-Sharing Plan | MNS, Ltd. | HI | DC | 2,169 | $264M | $121,777 | $2,176 | $385 |
| Rutter's Retirement Savings Plan | Rutter's | PA | DC | 1,785 | $0 | — | — | $56.10 |
| Toot'n Totum Food Stores 401(k) Plan | Toot'n Totum Food Stores, LLC | TX | DC | 1,264 | $14.6M | $11,553 | $309 | $108 |
| Williams Companies Retirement Savings Plan | Williams Oil Company, Inc. | PA | DC | 1,240 | $21.5M | $17,310 | $635 | $72.26 |
| Victory Marketing, LLC 401(k) Profit Sharing Plan | Victory Marketing, LLC | MS | DC | 1,128 | $5.3M | $4,717 | $126 | $30.00 |
| Go-Mart, Inc. 401(k) Plan | Go-Mart, Inc. | WV | DC | 1,035 | $12.9M | $12,438 | $123 | $42.65 |
| Gregory M. Parker, Inc. 401(k) Plan | Gregory M. Parker, Inc. | GA | DC | 863 | $5.8M | $6,693 | $569 | $62.90 |
| United Dairy Farmers, Inc. Money Purchase | United Dairy Farmers, Inc. | OH | DC | 844 | $16.2M | $19,209 | $815 | $58.91 |
| Green Valley Grocery 401(k) Retirement Plan | Green Valley Grocery 401(k) | NV | DC | 793 | $4.5M | $5,737 | $155 | $24.07 |
| Seven-Eleven (Hawaii), Inc. 401(k) Plan | Seven-Eleven Hawaii, Inc. | HI | DC | 725 | $24.2M | $33,365 | $1,061 | $10.34 |
| The Fikes Companies Profit Sharing Plan & Trust | Fikes Wholesale, LLC | TX | DC | 721 | $10.5M | $14,514 | $1,027 | $7.05 |
| Shop Rite, Inc. Profit Sharing 401(k) Plan | Shop Rite, Inc. | LA | DC | 612 | $11.3M | $18,432 | $336 | $2.09 |
| Croton Holding Company 401(k) Retirement Plan | Croton Holding Company | PA | DC | 577 | $4.2M | $7,345 | $170 | $18.85 |
| Food Pantry, Ltd. Pension Plan | Food Pantry, Ltd. | HI | DB | 552 | $34.2M | $61,888 | — | $473 |
| Cookunity, Inc. 401(k) Plan | Cookunity, Inc. | NY | DC | 526 | $1.6M | $3,029 | — | $49.77 |
| D. L. Willie Employee Retirement Plan | Oasis Stopn Go LLC | ID | DC | 519 | $3.1M | $5,996 | $230 | $81.30 |
| Retirement Plan for Employees of Shop-Rite, Inc. | Shop-Rite, Inc. | WI | DB | 515 | $16.5M | $31,967 | — | — |
| The Plaid Pantry Retirement and Profit Sharing Plan | Plaid Pantries, Inc. | OR | DC | 515 | $14.3M | $27,723 | $756 | $23.63 |
| Hammer Williams Company 401(k) Plan | Hammer Williams Company | OK | DC | 511 | $3.9M | $7,591 | $256 | $99.41 |
| Country Fair, Inc. 401(k) Retirement Plan | Country Fair, Inc. | PA | DC | 456 | $14.5M | $31,872 | $1,304 | $5.09 |
| Kelley Williamson Company Profit Sharing Plan | Kelley Williamson Company | IL | DC | 430 | $11.9M | $27,780 | $279 | $85.80 |
| Jet Food Stores 401 K Plan | Jet Food Stores of Georgia, Inc. | GA | DC | 422 | $8.1M | $19,165 | $583 | $59.99 |
| Rademacher Companies Retirement Savings Plan | Rademacher Companies, Inc. | MN | DC | 416 | — | — | — | — |
| Lassus Bros. Oil, Inc. 401(k) Profit Sharing Plan | Lassus Bros. Oil, Inc. | IN | DC | 391 | $7.7M | $19,594 | $345 | $35.81 |
| Cloverland Farms Dairy 401(k) Retirement Plan for Union Employees | Two Farms Inc. | MD | DC | 375 | $10.3M | $27,366 | $720 | $67.30 |
| Johnson & Johnson, Inc. 401(k) Profit Sharing Plan and Trust | Johnson & Johnson, Inc. | FL | DC | 361 | $4.4M | $12,081 | $442 | $122 |
By plan size
By state
Questions and answers
How many retirement plans are there in convenience stores?
55 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 155 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in convenience stores?
The median defined contribution plan reported $16,968 in net assets per participant (middle half of plans: $7,468 to $27,634); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in convenience stores?
The median defined contribution plan received $609 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in convenience stores?
Among defined contribution plans that report any Schedule C compensation, the median was $59.56 per participant and 0.36% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.