Lands' End, Inc. 401(k) Review & Grade
Lands' End, Inc. Retirement Plan
Dodgeville, WIRetail Trade3,695 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$995Employer $ per active participant
$3,450Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$430.2MNet plan assets, end of year
$104,675Average balance per account
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 56th |
| Employee saving | 73th |
| Peers that auto-enroll | 42% |
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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
- Lands' End put in about $995 per active participant, more than the typical peer ($650). 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 | $3,678,185 |
| Participant (employee) contributions | $12,748,979 |
| Other contributions (incl. rollovers in) | $803,804 |
| Administrative expenses paid from the plan | $431,458 |
| Contract administrator fees | $46,125 |
| Other admin expenses | $11,550 |
| Benefits paid out | $58,665,704 |
| Net assets, start / end of year | $403.0M / $430.2M |
| Active participants, start / end of year | 3,649 / 3,741 |
| Participants with account balances | 4,110 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $431,458 reported compensation |
| Graystone Consulting-Morgan Stanley | $93,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916083859NAL0002792928001, received 2025-09-16, EIN 36-2512786, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.