24 Hour Fitness USA, LLC 401(k) Review & Grade
24 Hour Fitness Savings and Investment Plan
Carlsbad, CAOther Services5,454 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$86Employer $ per active participant
$755Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$86.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.9 / 5010th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 25th |
| Employee saving | 12th |
| Peers that auto-enroll | 45% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- 24 Hour Fitness USA put in about $86 per active participant, below the typical peer ($1,132). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.28% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $467,407 |
| Participant (employee) contributions | $4,119,250 |
| Other contributions (incl. rollovers in) | $2,004,279 |
| Administrative expenses paid from the plan | $244,904 |
| Investment advisory & management fees | $43,750 |
| Other admin expenses | $13,850 |
| Benefits paid out | $19,686,907 |
| Net assets, start / end of year | $86.5M / $86.5M |
| Active participants, start / end of year | 4,873 / 6,034 |
| Participants with account balances | 1,263 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Comyns Smith Mccleary & Deaver LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $126,175 reported compensation |
| Sageview Advisory Group LLC | $57,600 reported compensation |
| T Rowe Price RPS Inc | $22,344 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918115201NAL0003068002001, received 2025-09-18, EIN 94-2899899, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.