The TJX Companies, Inc. 401(k) Review & Grade
The TJX Companies, Inc. 401(k) Savings Plan
Framingham, MARetail Trade289,812 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$381Employer $ per active participant
$820Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$3.7BNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving2.4 / 1516th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 40th |
| Employee saving | 16th |
| Peers that auto-enroll | 32% |
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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
- TJX Companies put in about $381 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.
- 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 | $110,532,156 |
| Participant (employee) contributions | $237,538,841 |
| Other contributions (incl. rollovers in) | $26,469,010 |
| Administrative expenses paid from the plan | $3,764,177 |
| Investment advisory & management fees | $1,001,379 |
| Benefits paid out | $316,653,709 |
| Net assets, start / end of year | $3.2B / $3.7B |
| Active participants, start / end of year | 285,277 / 294,348 |
| Participants with account balances | 131,988 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops | $2,762,799 reported compensation |
| Strategic Advisors, Inc. | $1,001,379 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001101810NAL0013054545001, received 2025-10-01, EIN 04-2207613, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.