Ollie's Bargain Outlet, Inc. 401(k) Review & Grade
Ollie's Bargain Outlet, Inc. 401(k) Retirement Plan
Harrisburg, PARetail Trade7,062 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$272Employer $ per active participant
$606Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$36.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.7 / 5021th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 28th |
| Employee saving | 7th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $111,095 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ollie's Bargain Outlet put in about $272 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.
- Direct plan expenses (0.25% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,921,132 |
| Participant (employee) contributions | $4,279,579 |
| Other contributions (incl. rollovers in) | $1,358,651 |
| Administrative expenses paid from the plan | $82,314 |
| Investment advisory & management fees | $58,061 |
| Benefits paid out | $3,683,903 |
| Net assets, start / end of year | $29.3M / $36.9M |
| Active participants, start / end of year | 6,736 / 7,389 |
| Participants with account balances | 1,532 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mckonly & Asbury LLP |
Largest service providers (Schedule C)
| Wilmington Trust National Assoc | $58,061 reported compensation |
| Fidelity Investments Institutional | $24,253 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925072147NAL0018821538001, received 2025-09-25, EIN 25-1589489, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.