The Orvis Company, Inc. 401(k) Review & Grade
The Orvis Company 401(k) Plan
Sunderland, VTRetail Trade1,659 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,368Employer $ per active participant
$2,934Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$104.7MNet plan assets, end of year
$52,184Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost15.6 / 2563th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 63th |
| Employee saving | 49th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Orvis Company put in about $1,368 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.
- 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 | $2,269,423 |
| Participant (employee) contributions | $4,866,752 |
| Other contributions (incl. rollovers in) | $583,195 |
| Administrative expenses paid from the plan | $152,672 |
| Contract administrator fees | $300 |
| Benefits paid out | $10,583,460 |
| Net assets, start / end of year | $94.4M / $104.7M |
| Active participants, start / end of year | 1,590 / 1,728 |
| Participants with account balances | 2,006 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brown, Edwards & Company, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $152,672 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140637NAL0001472739001, received 2025-10-14, EIN 03-0215459, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.