Boot Barn, Inc. 401(k) Review & Grade
Boot Barn 401(k) Plan
Irvine, CARetail Trade9,995 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$255Employer $ per active participant
$513Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$46.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.9 / 5020th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 20th |
| Employee saving | 5th |
| Peers that auto-enroll | 42% |
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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
- Boot Barn put in about $255 per active participant, below the typical peer ($650). 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 (0.33% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $2,546,730 |
| Participant (employee) contributions | $5,128,894 |
| Other contributions (incl. rollovers in) | $431,591 |
| Administrative expenses paid from the plan | $136,240 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $43,194 |
| Benefits paid out | $2,601,342 |
| Net assets, start / end of year | $36.0M / $46.2M |
| Active participants, start / end of year | 6,979 / 13,011 |
| Participants with account balances | 1,388 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmithbrownpc |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $93,046 reported compensation |
| Onedigital Investment Advisors LLC | $34,509 reported compensation |
| Strategic Advisors, Inc. | $8,684 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903164305NAL0026241792001, received 2025-09-03, EIN 26-1081729, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.