Hanesbrands Inc. 401(k) Review & Grade
Hanesbrands Inc. Retirement Savings Plan
Winston-Salem, NCWholesale Trade3,884 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,542Employer $ per active participant
$5,040Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$659.8MNet plan assets, end of year
$86,698Average balance per account
Score breakdown
- Employer generosity27.0 / 5054th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 53th |
| Employee saving | 42th |
| Peers that auto-enroll | 62% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Hanesbrands put in about $2,542 per active participant, more than the typical peer ($2,459). 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.
- 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 | $9,872,943 |
| Participant (employee) contributions | $19,576,540 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $755,416 |
| Investment advisory & management fees | $35,824 |
| Other admin expenses | −$180,154 |
| Benefits paid out | $112,881,201 |
| Net assets, start / end of year | $664.6M / $659.8M |
| Active participants, start / end of year | 5,206 / 2,562 |
| Participants with account balances | 7,610 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
| Employer stock held by plan | $14,149,314 |
Largest service providers (Schedule C)
| Fidelity Inv Inst Ops | $602,041 reported compensation |
| Mcmermott, Will & Emery LLP | $208,694 reported compensation |
| Forvis Mazarz, LLP | $87,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623143235NAL0015674162001, received 2025-06-23, EIN 20-3552316, plan #401, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.