Union Underwear Company, Inc 401(k) Review & Grade
Fruit of the Loom 401(k) Retirement Savings Plan · d/b/a Fruit of the Loom
Bowling Green, KYManufacturing1,383 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,026Employer $ per active participant
$5,894Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$258.1MNet plan assets, end of year
$118,215Average balance per account
Score breakdown
- Employer generosity31.8 / 5064th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 86th |
| Employee saving | 62th |
| Peers that auto-enroll | 59% |
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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
- Union Underwear Company put in about $3,026 per active participant, more than the typical peer ($2,320). 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 | $4,184,924 |
| Participant (employee) contributions | $8,151,193 |
| Other contributions (incl. rollovers in) | $279,252 |
| Administrative expenses paid from the plan | $139,279 |
| Other admin expenses | $800 |
| Benefits paid out | $37,169,631 |
| Net assets, start / end of year | $248.9M / $258.1M |
| Active participants, start / end of year | 1,534 / 1,232 |
| Participants with account balances | 2,183 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc, PC |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $138,479 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014125938NAL0004025360001, received 2025-10-14, EIN 61-1411269, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.