Floor and Decor Outlets of America, Inc. 401(k) Review & Grade
Floor and Decor Outlets of America, Inc. 401k Retirement Plan
Atlanta, GARetail Trade9,758 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$725Employer $ per active participant
$2,671Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$157.2MNet plan assets, end of year
$12,238Average balance per account
Score breakdown
- Employer generosity26.6 / 5053th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 15th |
| Employee saving | 62th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,259 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Floor and Decor Outlets of America put in about $725 per active participant, more than the typical peer ($650). 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.
- Direct plan expenses (0.43% 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.
- 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 | $7,078,492 |
| Participant (employee) contributions | $26,065,574 |
| Other contributions (incl. rollovers in) | $1,730,792 |
| Administrative expenses paid from the plan | $603,310 |
| Benefits paid out | $17,378,505 |
| Net assets, start / end of year | $122.1M / $157.2M |
| Active participants, start / end of year | 9,555 / 9,962 |
| Participants with account balances | 12,844 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $603,310 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929153135NAL0014049920002, received 2025-09-29, EIN 76-0719837, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.