Fanatics Holdings, Inc. 401(k) Review & Grade
Fanatics 401(k) Retirement Plan
New York, NYWholesale Trade10,057 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,596Employer $ per active participant
$4,356Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$364.4MNet plan assets, end of year
$52,831Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 16th |
| Employee saving | 38th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $77,342 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fanatics Holdings put in about $1,596 per active participant, below the typical peer ($2,420). 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 (0.21% of assets) are well above similar-size plans (0.09%). 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 | $16,051,007 |
| Participant (employee) contributions | $43,806,274 |
| Other contributions (incl. rollovers in) | $17,720,868 |
| Administrative expenses paid from the plan | $683,575 |
| Investment advisory & management fees | $186,980 |
| Benefits paid out | $29,721,839 |
| Net assets, start / end of year | $272.8M / $364.4M |
| Active participants, start / end of year | 9,187 / 10,927 |
| Participants with account balances | 6,898 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $441,470 reported compensation |
| Strategic Advisors, Inc. | $136,980 reported compensation |
| Forvis Mazars LLP | $55,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015153516NAL0005296561001, received 2025-10-15, EIN 45-4894304, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.