Tumi, Inc. 401(k) Review & Grade
Tumi, Inc. Profit Sharing/401(k) Plan
Edison, NJRetail Trade900 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,684Employer $ per active participant
$3,154Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$61.6MNet plan assets, end of year
$84,688Average balance per account
Score breakdown
- Employer generosity39.6 / 5079th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 64th |
| Employee saving | 53th |
| 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
- Tumi put in about $1,684 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 | $1,514,859 |
| Participant (employee) contributions | $2,837,415 |
| Other contributions (incl. rollovers in) | $329,227 |
| Administrative expenses paid from the plan | $83,356 |
| Contract administrator fees | $83,356 |
| Benefits paid out | $5,689,996 |
| Net assets, start / end of year | $53.8M / $61.6M |
| Active participants, start / end of year | 878 / 921 |
| Participants with account balances | 727 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $83,356 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008150141NAL0006037153001, received 2025-10-08, EIN 22-2059452, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.