Autozone, Inc. 401(k) Review & Grade
Autozone, Inc. 401(k) Plan
Memphis, TNRetail Trade59,629 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$677Employer $ per active participant
$1,249Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity23.6 / 5047th percentile for employer $ per participant
- Low cost11.3 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 45th |
| Employee saving | 34th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,527 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Autozone put in about $677 per active participant, below the typical peer ($689). 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 | $40,368,494 |
| Participant (employee) contributions | $74,469,072 |
| Other contributions (incl. rollovers in) | $8,071,066 |
| Administrative expenses paid from the plan | $1,002,356 |
| Benefits paid out | $115,708,919 |
| Net assets, start / end of year | $967.3M / $1.1B |
| Active participants, start / end of year | 20,036 / 99,222 |
| Participants with account balances | 26,654 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,002,356 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015140545NAL0004773041001, received 2025-10-15, EIN 62-1482048, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.