DR. Martens 401(k) Review & Grade
DR. Martens 401(k) Retirement Plan
Portland, ORWholesale Trade908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,485Employer $ per active participant
$2,580Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$23.7MNet plan assets, end of year
$23,090Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost11.4 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 45th |
| Employee saving | 17th |
| Peers that auto-enroll | 53% |
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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
- DR. Martens put in about $1,485 per active participant, below the typical peer ($1,792). 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.
- 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.
- 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 | $1,347,379 |
| Participant (employee) contributions | $2,340,976 |
| Other contributions (incl. rollovers in) | $212,326 |
| Administrative expenses paid from the plan | $60,333 |
| Investment advisory & management fees | $44,195 |
| Benefits paid out | $5,285,416 |
| Net assets, start / end of year | $22.1M / $23.7M |
| Active participants, start / end of year | 786 / 1,029 |
| Participants with account balances | 1,028 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Worthy & Company, LLC |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $44,195 reported compensation |
| Fidelity Investments Institutional | $16,138 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001161406NAL0012826625001, received 2025-10-01, EIN 93-1227085, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.