Hibbett, Inc. 401(k) Review & Grade
Hibbett, Inc. 401(k) Profit Sharing Plan
Birmingham, ALRetail Trade18,922 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$120Employer $ per active participant
$211Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$59.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost1.5 / 256th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 6th |
| Employee saving | 0th |
| Peers that auto-enroll | 32% |
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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 ($664,113 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
- Hibbett put in about $120 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.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.09%). 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 | $2,264,599 |
| Participant (employee) contributions | $3,994,686 |
| Other contributions (incl. rollovers in) | $521,503 |
| Administrative expenses paid from the plan | $213,383 |
| Investment advisory & management fees | $40,836 |
| Benefits paid out | $5,554,111 |
| Net assets, start / end of year | $50.9M / $59.0M |
| Active participants, start / end of year | 13,281 / 24,562 |
| Participants with account balances | 1,182 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Car, Riggs, & Ingram, L.L.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $147,508 reported compensation |
| Sageview Advisory Group | $40,836 reported compensation |
| Ernst & Young LLP | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015215620NAL0005658193002, received 2025-10-15, EIN 20-8159608, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.