Lulus Fashion Lounge Holdings Inc 401(k) Review & Grade
Lulus Fashion Lounge 401k Plan
Chico, CAManufacturing611 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,710Employer $ per active participant
$2,537Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$17.9MNet plan assets, end of year
$30,272Average balance per account
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 42th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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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
- Lulus Fashion Lounge Holdings put in about $1,710 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,044,546 |
| Participant (employee) contributions | $1,550,298 |
| Other contributions (incl. rollovers in) | $134,283 |
| Administrative expenses paid from the plan | $46,772 |
| Benefits paid out | $1,682,131 |
| Net assets, start / end of year | $14.5M / $17.9M |
| Active participants, start / end of year | 663 / 559 |
| Participants with account balances | 590 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | K Coe Isom LLP |
Largest service providers (Schedule C)
| T Rowe Price | $46,772 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124253NAL0004611859001, received 2025-10-10, EIN 20-8442468, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.