Fossil Group Inc. 401(k) Review & Grade
Fossil Group, Inc. Savings and Retirement Plan
Richardson, TXWholesale Trade1,995 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$940Employer $ per active participant
$2,910Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$120.4MNet plan assets, end of year
$85,588Average balance per account
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 56th |
| Employee saving | 21th |
| Peers that auto-enroll | 53% |
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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
- Fossil Group put in about $940 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.
- 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 | $1,875,851 |
| Participant (employee) contributions | $5,806,354 |
| Other contributions (incl. rollovers in) | $1,593,697 |
| Administrative expenses paid from the plan | $222,448 |
| Contract administrator fees | $159,948 |
| Investment advisory & management fees | $62,500 |
| Benefits paid out | $23,239,480 |
| Net assets, start / end of year | $118.9M / $120.4M |
| Active participants, start / end of year | 2,191 / 1,799 |
| Participants with account balances | 1,407 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche |
| Employer stock held by plan | $605,231 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $159,948 reported compensation |
| Onedigital Investment | $62,500 reported compensation |
| Onedigital | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828111733NAL0005483331001, received 2025-08-28, EIN 75-2018505, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.