Exit 32 Retail LLC 401(k) Review & Grade
Exit 32 Retail LLC
San Antonio, TXRetail Trade757 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500-SF filing · How we grade
$21Employer $ per active participant
$22Employee $ saved per active participant
2.42%Direct admin cost, % of plan assets
$48,060Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.4 / 507th percentile for employer $ per participant
- Low cost0.2 / 251th percentile for low admin cost vs. same-size plans
- Employee saving0.0 / 150th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 1th |
| Employee saving | 0th |
| Peers that auto-enroll | 48% |
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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
- Exit 32 Retail put in about $21 per active participant, below the typical peer ($743). 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 (2.42% of assets) are well above similar-size plans (0.23%). 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 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 | $15,728 |
| Participant (employee) contributions | $16,728 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,019 |
| Benefits paid out | $24,533 |
| Net assets, start / end of year | $36,265 / $48,060 |
| Active participants, start / end of year | 758 / 756 |
| Participants with account balances | 95 |
| Auto-enrollment (feature code 2S) | Yes |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250812172959NAL0007411091001, received 2025-08-12, EIN 83-4320963, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.