Maurices, Inc. 401(k) Review & Grade
Maurices Incorporated 401(k) Savings Plan
Duluth, MNRetail Trade2,867 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$708Employer $ per active participant
$1,525Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$52.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost13.1 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 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 | 52th |
| Lower admin cost | 52th |
| Employee saving | 38th |
| 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
- Maurices put in about $708 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 | $2,029,697 |
| Participant (employee) contributions | $4,371,595 |
| Other contributions (incl. rollovers in) | $1,415,348 |
| Administrative expenses paid from the plan | $54,984 |
| Contract administrator fees | $44,704 |
| Investment advisory & management fees | $10,280 |
| Benefits paid out | $5,783,938 |
| Net assets, start / end of year | $43.9M / $52.0M |
| Active participants, start / end of year | 3,161 / 2,573 |
| Participants with account balances | 1,075 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Insero & Co. Cpas, LLP |
Largest service providers (Schedule C)
| Stancorp Financial Group | $112,710 reported compensation |
| The Waterford Group LLC | $10,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015153118NAL0002673347001, received 2025-10-15, EIN 13-2940677, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.