Lacoste USA, Inc. 401(k) Review & Grade
Lacoste USA Retirement Savings Plan
New York, NYWholesale Trade1,326 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$436Employer $ per active participant
$769Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$18.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost19.4 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving0.4 / 153th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 78th |
| Employee saving | 3th |
| Peers that auto-enroll | 53% |
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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 ($704 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
- Lacoste USA put in about $436 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.
- 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 | $579,002 |
| Participant (employee) contributions | $1,020,644 |
| Other contributions (incl. rollovers in) | $108,101 |
| Administrative expenses paid from the plan | $15,469 |
| Other admin expenses | $12,500 |
| Benefits paid out | $2,964,795 |
| Net assets, start / end of year | $17.6M / $18.6M |
| Active participants, start / end of year | 582 / 2,071 |
| Participants with account balances | 323 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas, P.C. |
Largest service providers (Schedule C)
| Cbiz Cpas P.C. | $12,500 reported compensation |
| Fidelity Investments Institutional | $2,969 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260213123042NAL0001401201001, received 2026-02-13, EIN 51-0344845, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.