Ikea North America Services, LLC 401(k) Review & Grade
Ikea Retirement and Savings Plan
Conshohocken, PARetail Trade15,816 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,155Employer $ per active participant
$3,061Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$53,242Average balance per account
Score breakdown
- Employer generosity46.7 / 5093th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 39th |
| Employee saving | 83th |
| 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
- Ikea North America Services put in about $2,155 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 | $34,088,951 |
| Participant (employee) contributions | $48,415,550 |
| Other contributions (incl. rollovers in) | $2,862,344 |
| Administrative expenses paid from the plan | $1,063,891 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $115,000 |
| Benefits paid out | $103,890,956 |
| Net assets, start / end of year | $803.9M / $1.1B |
| Active participants, start / end of year | 15,068 / 16,565 |
| Participants with account balances | 20,185 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $939,099 reported compensation |
| Capfinancial Partners, LLC | $115,000 reported compensation |
| Marcum LLP | $59,850 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015175428NAL0002834019001, received 2025-10-15, EIN 23-3005722, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.