Stitch Fix, Inc. 401(k) Review & Grade
Stitch Fix, Inc. 401(k) Savings Plan
San Francisco, CARetail Trade2,870 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,030Employer $ per active participant
$4,624Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$121.8MNet plan assets, end of year
$57,673Average balance per account
Score breakdown
- Employer generosity44.5 / 5089th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score57 / 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 | 89th |
| Lower admin cost | 36th |
| Employee saving | 86th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,061,333 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $17,058 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Stitch Fix put in about $2,030 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.
- Direct plan expenses (0.19% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $5,825,342 |
| Participant (employee) contributions | $13,268,679 |
| Other contributions (incl. rollovers in) | $1,397,127 |
| Administrative expenses paid from the plan | $209,903 |
| Investment advisory & management fees | $81,778 |
| Benefits paid out | $12,880,816 |
| Net assets, start / end of year | $98.4M / $121.8M |
| Active participants, start / end of year | 3,403 / 2,336 |
| Participants with account balances | 2,112 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $208,447 reported compensation |
| Charles Schwab & Co., Inc. | $219 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702134701NAL0013034705001, received 2025-07-02, EIN 27-5026540, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.