Recreational Equipment, Inc. 401(k) Review & Grade
Recreational Equipment, Inc. Retirement and Profit Sharing Plan
Sumner, WARetail Trade15,058 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,400Employer $ per active participant
$3,371Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$48,394Average balance per account
Score breakdown
- Employer generosity40.7 / 5081th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 43th |
| Employee saving | 87th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,047 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Recreational Equipment put in about $1,400 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.
- 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 | $21,082,061 |
| Participant (employee) contributions | $50,759,593 |
| Other contributions (incl. rollovers in) | $4,075,826 |
| Administrative expenses paid from the plan | $1,055,134 |
| Contract administrator fees | $15,859 |
| Investment advisory & management fees | $73,215 |
| Other admin expenses | $6,250 |
| Benefits paid out | $226,839,362 |
| Net assets, start / end of year | $1.0B / $1.0B |
| Active participants, start / end of year | 16,235 / 13,880 |
| Participants with account balances | 20,795 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Nuber P.S. |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $1,003,567 reported compensation |
| Clark Nuber PS | $31,300 reported compensation |
| Voya Institutional Plan Services | $22,109 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010161059NAL0018468642001, received 2025-10-10, EIN 91-0656890, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.