H&m Fashion USA, Inc. 401(k) Review & Grade
H&m Hennes & Mauritz 401k Plan
Secaucus, NJRetail Trade4,154 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,085Employer $ per active participant
$1,831Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$141.6MNet plan assets, end of year
$46,148Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 54th |
| Employee saving | 46th |
| Peers that auto-enroll | 42% |
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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
- H&m Fashion USA put in about $1,085 per active participant, more than the typical peer ($650). 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.
- 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 | $4,507,245 |
| Participant (employee) contributions | $7,606,997 |
| Other contributions (incl. rollovers in) | $478,319 |
| Administrative expenses paid from the plan | $147,641 |
| Contract administrator fees | $24,475 |
| Investment advisory & management fees | $113,063 |
| Other admin expenses | $10,103 |
| Benefits paid out | $11,131,350 |
| Net assets, start / end of year | $123.9M / $141.6M |
| Active participants, start / end of year | 6,495 / 1,812 |
| Participants with account balances | 3,068 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $160,050 reported compensation |
| Voya Retirement Advisors, LLC | $112,113 reported compensation |
| Voya Retirement Insurance & Annuity | $35,541 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142727NAL0001501523001, received 2025-10-14, EIN 93-1778981, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.