Sportsman's Warehouse Holdings, Inc 401(k) Review & Grade
Sportsman's Warehouse 401(k) Savings Plan Plan
Midvale, UTWholesale Trade4,423 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$531Employer $ per active participant
$1,101Employee $ saved per active participant
1.05%Direct admin cost, % of plan assets
$37.4MNet plan assets, end of year
$4,409Average balance per account
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 4th |
| Employee saving | 6th |
| Peers that auto-enroll | 62% |
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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
- Sportsman's Warehouse Holdings put in about $531 per active participant, below the typical peer ($2,459). 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.
- Direct plan expenses (1.05% 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 | $2,347,777 |
| Participant (employee) contributions | $4,867,742 |
| Other contributions (incl. rollovers in) | $753,848 |
| Administrative expenses paid from the plan | $365,042 |
| Contract administrator fees | $365,042 |
| Benefits paid out | $6,672,641 |
| Net assets, start / end of year | $32.4M / $37.4M |
| Active participants, start / end of year | 4,545 / 4,301 |
| Participants with account balances | 8,489 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tanner LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $236,114 reported compensation |
| United 401(k) Plans Inc. | $112,010 reported compensation |
| Global Retirement Partners LLC | $65,897 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009171609NAL0007376593001, received 2025-10-09, EIN 39-1975614, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.