Fullbeauty Brands, Inc. 401(k) Review & Grade
Fullbeauty Brands, Inc. Savings and Retirement Plan
Indianapolis, INRetail Trade1,080 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$948Employer $ per active participant
$4,181Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$123.3MNet plan assets, end of year
$116,717Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 69th |
| Employee saving | 69th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $220,927 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fullbeauty Brands put in about $948 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 | $1,024,457 |
| Participant (employee) contributions | $4,518,034 |
| Other contributions (incl. rollovers in) | $332,434 |
| Administrative expenses paid from the plan | $145,624 |
| Investment advisory & management fees | $35,000 |
| Other admin expenses | $12,538 |
| Benefits paid out | $15,043,736 |
| Net assets, start / end of year | $117.2M / $123.3M |
| Active participants, start / end of year | 964 / 1,197 |
| Participants with account balances | 1,056 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $98,086 reported compensation |
| Procourse Fiduciary Advisors | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923091613NAL0006635664001, received 2025-09-23, EIN 13-3794198, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.