The Home Depot, Inc. 401(k) Review & Grade
The Home Depot Futurebuilder
Atlanta, GARetail Trade394,993 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$685Employer $ per active participant
$1,802Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$14.1BNet plan assets, end of year
$63,918Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 28th |
| Employee saving | 58th |
| Peers that auto-enroll | 32% |
Red flags from the filing
Corrective distributions: the plan refunded $9,221 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Home Depot put in about $685 per active participant, below the typical peer ($689). 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 (0.15% of assets) are well above similar-size plans (0.09%). 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 | $270,502,186 |
| Participant (employee) contributions | $711,835,963 |
| Other contributions (incl. rollovers in) | $28,250,537 |
| Administrative expenses paid from the plan | $20,067,156 |
| Contract administrator fees | $17,723,237 |
| Investment advisory & management fees | $861,637 |
| Other admin expenses | $14,875 |
| Benefits paid out | $1,126,856,096 |
| Net assets, start / end of year | $12.6B / $14.1B |
| Active participants, start / end of year | 398,464 / 391,522 |
| Participants with account balances | 221,237 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Alight Solutions LLC | $9,107,123 reported compensation |
| Alight Financial Advisors, LLC | $8,241,118 reported compensation |
| The Northern Trust Company | $1,329,601 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724062251NAL0010599490001, received 2025-07-24, EIN 95-3261426, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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