Tailored Shared Services, LLC 401(k) Review & Grade
Tailored Brands 401(k) Savings Plan
Dublin, CARetail Trade8,732 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$812Employer $ per active participant
$1,722Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$265.3MNet plan assets, end of year
$57,225Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 33th |
| Employee saving | 42th |
| 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 ($2,537,492 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Tailored Shared Services put in about $812 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 (0.21% 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 | $7,094,145 |
| Participant (employee) contributions | $15,036,909 |
| Other contributions (incl. rollovers in) | $1,897,908 |
| Administrative expenses paid from the plan | $540,038 |
| Investment advisory & management fees | $156,153 |
| Benefits paid out | $36,231,532 |
| Net assets, start / end of year | $249.2M / $265.3M |
| Active participants, start / end of year | 9,002 / 8,462 |
| Participants with account balances | 4,636 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcconnell & Jones LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $434,756 reported compensation |
| Empower Advisory Group, LLC | $156,153 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014142209NAL0006400642001, received 2025-10-14, EIN 47-4894752, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.