Leslie's Poolmart, Inc. & Affiliates 401(k) Review & Grade
The Leslie's Poolmart, Inc. 401(k) Savings Plan
Phoenix, AZRetail Trade3,966 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$328Employer $ per active participant
$1,593Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$79.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.6 / 5025th percentile for employer $ per participant
- Low cost22.3 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 89th |
| Employee saving | 40th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $286,953 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Leslie's Poolmart, Inc. & Affiliates put in about $328 per active participant, below the typical peer ($650). 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 | $1,302,495 |
| Participant (employee) contributions | $6,316,586 |
| Other contributions (incl. rollovers in) | $582,985 |
| Administrative expenses paid from the plan | $23,540 |
| Benefits paid out | $9,302,539 |
| Net assets, start / end of year | $71.2M / $79.9M |
| Active participants, start / end of year | 3,386 / 4,545 |
| Participants with account balances | 1,751 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $23,540 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922111119NAL0005130625001, received 2025-09-22, EIN 95-4620298, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.