L Brands Service Company LLC 401(k) Review & Grade
Bath & Body Works, Inc. 401(k) Savings and Retirement Plan
Columbus, OHRetail Trade20,046 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,006Employer $ per active participant
$1,659Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$53,643Average balance per account
Score breakdown
- Employer generosity34.6 / 5069th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 36th |
| Employee saving | 50th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,307 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- L Brands Service Company put in about $1,006 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.
- 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 | $20,163,476 |
| Participant (employee) contributions | $33,252,419 |
| Other contributions (incl. rollovers in) | $5,751,932 |
| Administrative expenses paid from the plan | $1,444,320 |
| Benefits paid out | $139,169,990 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 21,265 / 18,826 |
| Participants with account balances | 22,668 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Schaefer & Hackett |
Largest service providers (Schedule C)
| Alight Solutions LLC | $1,332,395 reported compensation |
| Matrix Trust Company | $111,925 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014195410NAL0007312594001, received 2025-10-14, EIN 31-1048997, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.