QVC, Inc. 401(k) Review & Grade
Qurate Retail Group 401(k) Retirement Savings Plan for QVC and HSN
West Chester, PARetail Trade6,022 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,424Employer $ per active participant
$5,832Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$126,472Average balance per account
Score breakdown
- Employer generosity45.9 / 5092th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 69th |
| Employee saving | 92th |
| Peers that auto-enroll | 42% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $173,047 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- QVC put in about $2,424 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.
- 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 | $14,594,032 |
| Participant (employee) contributions | $35,118,358 |
| Other contributions (incl. rollovers in) | $3,511,587 |
| Administrative expenses paid from the plan | $709,596 |
| Other admin expenses | $709,596 |
| Benefits paid out | $89,882,404 |
| Net assets, start / end of year | $992.8M / $1.1B |
| Active participants, start / end of year | 6,223 / 5,820 |
| Participants with account balances | 8,781 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $737,396 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015144806NAL0005182929001, received 2025-10-15, EIN 23-2414041, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.