Torrid LLC 401(k) Review & Grade
Torrid 401(k) Plan
City of Industry, CARetail Trade5,324 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$161Employer $ per active participant
$676Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$29.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.5 / 5011th percentile for employer $ per participant
- Low cost19.6 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 78th |
| Employee saving | 10th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $531,819 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Torrid put in about $161 per active participant, below the typical peer ($650). 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.
- 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 | $857,116 |
| Participant (employee) contributions | $3,600,900 |
| Other contributions (incl. rollovers in) | $154,043 |
| Administrative expenses paid from the plan | $14,057 |
| Benefits paid out | $5,714,978 |
| Net assets, start / end of year | $26.8M / $29.2M |
| Active participants, start / end of year | 4,535 / 6,113 |
| Participants with account balances | 858 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Servic | $27,527 reported compensation |
| Global Retirement Partners | $20,000 reported compensation |
| Fidelity Investments Institutional | $550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801162402NAL0007337809001, received 2025-08-01, EIN 47-3648005, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.