True Religion Apparel, Inc. 401(k) Review & Grade
True Religion Apparel, Inc. 401(k) Plan
Gardena, CAWholesale Trade556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$22Employer $ per active participant
$1,881Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$45,775Average balance per account
Score breakdown
- Employer generosity1.2 / 502th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 2th |
| Lower admin cost | 26th |
| Employee saving | 11th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- True Religion Apparel put in about $22 per active participant, below the typical peer ($1,792). 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 (0.46% of assets) are well above similar-size plans (0.23%). 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 | $12,327 |
| Participant (employee) contributions | $1,046,549 |
| Other contributions (incl. rollovers in) | $110,581 |
| Administrative expenses paid from the plan | $74,345 |
| Investment advisory & management fees | $29,770 |
| Benefits paid out | $712,633 |
| Net assets, start / end of year | $15.1M / $17.5M |
| Active participants, start / end of year | 519 / 594 |
| Participants with account balances | 382 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Holthouse Carlin & Van Trigt LL |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $44,575 reported compensation |
| Usi Advisors Inc | $23,185 reported compensation |
| Empower Advisory Group, LLC | $6,585 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730160320NAL0004989553001, received 2025-07-30, EIN 98-0352633, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.