Mattress Firm, Inc. 401(k) Review & Grade
Mattress Firm, Inc. 401(k) Plan
Houston, TXRetail Trade8,364 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,570Employer $ per active participant
$3,317Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$279.1MNet plan assets, end of year
$32,410Average balance per account
Score breakdown
- Employer generosity40.1 / 5080th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 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 | 80th |
| Lower admin cost | 21th |
| Employee saving | 69th |
| 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
- Mattress Firm put in about $1,570 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.
- Direct plan expenses (0.32% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $13,127,987 |
| Participant (employee) contributions | $27,747,499 |
| Other contributions (incl. rollovers in) | $3,286,071 |
| Administrative expenses paid from the plan | $823,566 |
| Investment advisory & management fees | $199,165 |
| Other admin expenses | $300 |
| Benefits paid out | $30,162,674 |
| Net assets, start / end of year | $234.0M / $279.1M |
| Active participants, start / end of year | 8,812 / 7,916 |
| Participants with account balances | 8,611 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, L.L.P. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $329,266 reported compensation |
| Empower Advisory Group, LLC | $199,165 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930160853NAL0012507745001, received 2025-09-30, EIN 76-0596008, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.