Foot Locker, Inc. 401(k) Review & Grade
Foot Locker 401(k) Plan
New York, NYRetail Trade14,148 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$849Employer $ per active participant
$2,050Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$449.5MNet plan assets, end of year
$31,115Average balance per account
Score breakdown
- Employer generosity32.1 / 5064th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 20th |
| Employee saving | 63th |
| 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
- Foot Locker put in about $849 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.
- Direct plan expenses (0.19% 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.
- 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 | $12,012,477 |
| Participant (employee) contributions | $28,999,529 |
| Other contributions (incl. rollovers in) | $4,642,892 |
| Administrative expenses paid from the plan | $801,729 |
| Contract administrator fees | $545,316 |
| Investment advisory & management fees | $149,280 |
| Other admin expenses | $5,133 |
| Benefits paid out | $51,776,039 |
| Net assets, start / end of year | $408.6M / $449.5M |
| Active participants, start / end of year | 14,913 / 13,384 |
| Participants with account balances | 14,448 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLC |
| Employer stock held by plan | $12,895,576 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $545,316 reported compensation |
| Willis Towers Watson | $149,280 reported compensation |
| KPMG LLP | $102,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013124010NAL0001962368001, received 2025-10-13, EIN 13-3513936, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.