Workwear Outfitters, LLC 401(k) Review & Grade
Workwear Outfitters 401k Savings Plan
Nashville, TNManufacturing1,249 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,561Employer $ per active participant
$5,360Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$90.3MNet plan assets, end of year
$71,969Average balance per account
Score breakdown
- Employer generosity34.7 / 5069th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 56th |
| Employee saving | 56th |
| Peers that auto-enroll | 59% |
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
- Workwear Outfitters put in about $3,561 per active participant, more than the typical peer ($2,320). 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.
- 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 | $4,447,181 |
| Participant (employee) contributions | $6,694,732 |
| Other contributions (incl. rollovers in) | $1,054,056 |
| Administrative expenses paid from the plan | $158,651 |
| Investment advisory & management fees | $13,831 |
| Benefits paid out | $9,057,871 |
| Net assets, start / end of year | $76.6M / $90.3M |
| Active participants, start / end of year | 1,264 / 1,234 |
| Participants with account balances | 1,255 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $131,410 reported compensation |
| Strategic Advisors, Inc. | $13,831 reported compensation |
| Cliftonlarsonallen LLP | $13,415 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002143713NAL0000399875001, received 2025-10-02, EIN 62-1517281, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.