Fast Retailing USA, Inc 401(k) Review & Grade
Fast Retailing USA 401(k) Savings Plan
New York, NYWholesale Trade4,065 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,005Employer $ per active participant
$2,108Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$115.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score10 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 27th |
| Employee saving | 14th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($908 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Fast Retailing USA put in about $1,005 per active participant, below the typical peer ($2,459). 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 (0.26% of assets) are well above similar-size plans (0.12%). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,087,196 |
| Participant (employee) contributions | $8,570,403 |
| Other contributions (incl. rollovers in) | $727,005 |
| Administrative expenses paid from the plan | $272,954 |
| Other admin expenses | $61,903 |
| Benefits paid out | $9,097,748 |
| Net assets, start / end of year | $96.4M / $115.5M |
| Active participants, start / end of year | 2,725 / 5,405 |
| Participants with account balances | 1,769 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $174,826 reported compensation |
| Mercer Investments LLC | $61,903 reported compensation |
| Cbiz Cpas P.C. | $36,225 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010133006NAL0008228481001, received 2025-10-10, EIN 47-0947482, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.