Citi Trends, Inc. 401(k) Review & Grade
Citi Trends, Inc. 401(k) Profit Sharing Plan
Savannah, GARetail Trade4,332 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$115Employer $ per active participant
$546Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$18.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score14 / 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 | 8th |
| Lower admin cost | 34th |
| Employee saving | 6th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $318,388 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Citi Trends put in about $115 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 (0.20% 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 | $497,363 |
| Participant (employee) contributions | $2,365,914 |
| Other contributions (incl. rollovers in) | $82,389 |
| Administrative expenses paid from the plan | $36,591 |
| Other admin expenses | $3,000 |
| Benefits paid out | $2,500,071 |
| Net assets, start / end of year | $16.8M / $18.9M |
| Active participants, start / end of year | 2,740 / 5,924 |
| Participants with account balances | 683 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Symphona LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $36,591 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095532NAL0002108467001, received 2025-10-15, EIN 52-2150697, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.