Burberry Limited 401(k) Review & Grade
Burberry Limited 401(k) Retirement Plan and Trust
New York, NYRetail Trade1,011 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,028Employer $ per active participant
$4,485Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$85.1MNet plan assets, end of year
$62,206Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 65th |
| Employee saving | 74th |
| 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 fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $128,843 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Burberry Limited put in about $2,028 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 | $2,050,602 |
| Participant (employee) contributions | $4,533,971 |
| Other contributions (incl. rollovers in) | $730,535 |
| Administrative expenses paid from the plan | $114,041 |
| Benefits paid out | $10,624,968 |
| Net assets, start / end of year | $76.9M / $85.1M |
| Active participants, start / end of year | 928 / 1,094 |
| Participants with account balances | 1,368 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $114,041 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010103555NAL0004507555001, received 2025-10-10, EIN 13-2673527, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.