Eg Retail (america) LLC 401(k) Review & Grade
Eg America Employee Savings Plan
Westborough, MARetail Trade15,568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$341Employer $ per active participant
$1,115Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$337.9MNet plan assets, end of year
$28,014Average balance per account
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 18th |
| Employee saving | 32th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Eg Retail (america) put in about $341 per active participant, below the typical peer ($689). 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 (0.20% of assets) are well above similar-size plans (0.09%). 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 | $5,305,777 |
| Participant (employee) contributions | $17,353,138 |
| Other contributions (incl. rollovers in) | $1,242,207 |
| Administrative expenses paid from the plan | $643,289 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $114,971 |
| Benefits paid out | $48,297,396 |
| Net assets, start / end of year | $317.3M / $337.9M |
| Active participants, start / end of year | 14,446 / 16,690 |
| Participants with account balances | 12,063 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kahn, Litwin, Renza & Co., LTD |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $528,318 reported compensation |
| Strategic Advisors, Inc. | $114,971 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008194022NAL0010371184001, received 2025-10-08, EIN 82-4682572, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.