The Lovesac Company 401(k) Review & Grade
The Lovesac Company 401(k) Plan
Stamford, CTRetail Trade1,688 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,160Employer $ per active participant
$2,208Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$24.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 88th |
| Employee saving | 37th |
| Peers that auto-enroll | 48% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Lovesac put in about $1,160 per active participant, more than the typical peer ($743). 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.
- 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 | $1,957,371 |
| Participant (employee) contributions | $3,727,531 |
| Other contributions (incl. rollovers in) | $1,127,925 |
| Administrative expenses paid from the plan | $9,950 |
| Contract administrator fees | $9,950 |
| Benefits paid out | $1,492,230 |
| Net assets, start / end of year | $16.3M / $24.8M |
| Active participants, start / end of year | 1,666 / 1,710 |
| Participants with account balances | 790 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Associated Pension Consultants Inc | $10,072 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251111105157NAL0005022257001, received 2025-11-11, EIN 32-0514958, plan #001, plan year 2024-02-01 to 2025-01-31. Verify at efast.dol.gov.