Mattress Warehouse LLC 401(k) Review & Grade
Mattress Warehouse 401(k) Retirement Plan
Frederick, MDRetail Trade821 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$808Employer $ per active participant
$1,996Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$12.2MNet plan assets, end of year
$13,162Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost18.7 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th 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 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 75th |
| Employee saving | 34th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $111,153 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mattress Warehouse put in about $808 per active participant, more than the typical peer ($743). 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 | $663,217 |
| Participant (employee) contributions | $1,639,023 |
| Other contributions (incl. rollovers in) | $276,538 |
| Administrative expenses paid from the plan | $10,610 |
| Investment advisory & management fees | $2,137 |
| Benefits paid out | $1,055,251 |
| Net assets, start / end of year | $9.5M / $12.2M |
| Active participants, start / end of year | 793 / 849 |
| Participants with account balances | 928 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Torrillo & Associates LLC |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $25,276 reported compensation |
| Empower Annuity Insurance Company O | $8,473 reported compensation |
| Envestnet Retirement Solutions LLC | $2,137 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015143902NAL0006454784001, received 2025-10-15, EIN 52-1652149, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.