Lululemon Athletica Inc. 401(k) Review & Grade
Lululemon Savings Plan
Wilmington, DERetail Trade16,708 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$810Employer $ per active participant
$1,684Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$218.4MNet plan assets, end of year
$24,671Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 9th |
| Employee saving | 53th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $96,101 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lululemon Athletica put in about $810 per active participant, more than the typical peer ($689). 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.
- Direct plan expenses (0.31% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $13,542,061 |
| Participant (employee) contributions | $28,130,563 |
| Other contributions (incl. rollovers in) | $3,337,689 |
| Administrative expenses paid from the plan | $607,503 |
| Contract administrator fees | $607,503 |
| Benefits paid out | $21,003,248 |
| Net assets, start / end of year | $167.5M / $218.4M |
| Active participants, start / end of year | 16,949 / 16,468 |
| Participants with account balances | 8,852 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $496,629 reported compensation |
| Vanguard Advisers Inc. | $110,874 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010182040NAL0004452451001, received 2025-10-10, EIN 20-3842867, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.