Upbound Group, Inc. 401(k) Review & Grade
Upbound 401(k) Retirement Savings Plan
Plano, TXOther Services9,676 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$477Employer $ per active participant
$1,323Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$244.2MNet plan assets, end of year
$49,705Average balance per account
Score breakdown
- Employer generosity14.6 / 5029th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 80th |
| Employee saving | 27th |
| Peers that auto-enroll | 45% |
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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 ($50 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $973,303 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Upbound Group put in about $477 per active participant, below the typical peer ($1,132). 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 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 | $4,613,810 |
| Participant (employee) contributions | $12,805,870 |
| Other contributions (incl. rollovers in) | $925,274 |
| Administrative expenses paid from the plan | $107,399 |
| Investment advisory & management fees | $89,572 |
| Benefits paid out | $25,891,130 |
| Net assets, start / end of year | $227.0M / $244.2M |
| Active participants, start / end of year | 10,087 / 9,266 |
| Participants with account balances | 4,913 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell LLP |
| Employer stock held by plan | $8,014,029 |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $89,572 reported compensation |
| Jpmorgan Invest Holdings LLC | $17,827 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728132719NAL0000924467001, received 2025-07-28, EIN 45-0491516, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.