Hugo Boss USA 401(k) Review & Grade
Hugo Boss U.S.A, 401(k) Savings Plan
New York, NYRetail Trade1,752 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,119Employer $ per active participant
$2,109Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$51.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity33.0 / 5066th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 56th |
| Employee saving | 36th |
| Peers that auto-enroll | 48% |
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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
- Hugo Boss USA put in about $1,119 per active participant, more than the typical peer ($743). 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.
- 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 | $1,960,034 |
| Participant (employee) contributions | $3,694,761 |
| Other contributions (incl. rollovers in) | $863,043 |
| Administrative expenses paid from the plan | $88,339 |
| Benefits paid out | $5,532,543 |
| Net assets, start / end of year | $43.6M / $51.2M |
| Active participants, start / end of year | 1,569 / 1,935 |
| Participants with account balances | 840 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $88,339 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010172317NAL0004433715001, received 2025-10-10, EIN 22-2973683, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.