Urban Outfitters, Inc. 401(k) Review & Grade
Urban Outfitters, Inc. 401(k) Savings Plan
Philadelphia, PARetail Trade22,654 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$427Employer $ per active participant
$1,528Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$418.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.2 / 5028th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 31th |
| Employee saving | 46th |
| Peers that auto-enroll | 32% |
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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 ($4,872 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,220,513 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Urban Outfitters put in about $427 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 (0.14% 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.
- 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 | $9,670,876 |
| Participant (employee) contributions | $34,622,441 |
| Other contributions (incl. rollovers in) | $2,325,463 |
| Administrative expenses paid from the plan | $530,799 |
| Investment advisory & management fees | $135,393 |
| Benefits paid out | $32,127,611 |
| Net assets, start / end of year | $348.5M / $418.3M |
| Active participants, start / end of year | 21,068 / 24,239 |
| Participants with account balances | 7,469 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $16,228,420 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $395,392 reported compensation |
| Strategic Advisors, Inc. | $83,261 reported compensation |
| Mercer Investments LLC | $52,132 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729120828NAL0001302099001, received 2025-07-29, EIN 23-2003332, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.