Dillard's, Inc. 401(k) Review & Grade
Dillard's, Inc. Investment & Employee Stock Ownership Plan
Little Rock, ARRetail Trade28,070 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$790Employer $ per active participant
$1,809Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$3.0BNet plan assets, end of year
$81,280Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 53th |
| Employee saving | 59th |
| Peers that auto-enroll | 32% |
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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
- Dillard's put in about $790 per active participant, more than the typical peer ($689). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $22,164,150 |
| Participant (employee) contributions | $50,771,035 |
| Other contributions (incl. rollovers in) | $2,127,646 |
| Administrative expenses paid from the plan | $2,369,185 |
| Investment advisory & management fees | $106,832 |
| Other admin expenses | $46,342 |
| Benefits paid out | $273,883,620 |
| Net assets, start / end of year | $2.9B / $3.0B |
| Active participants, start / end of year | 30,070 / 26,070 |
| Participants with account balances | 36,958 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $2,093,312,977 |
Largest service providers (Schedule C)
| Milliman | $1,900,218 reported compensation |
| Newport Trust Company | $200,000 reported compensation |
| Newport Group Securities | $106,832 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015220106NAL0003036867001, received 2025-10-15, EIN 71-0388071, plan #111, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.