Hobby Lobby Stores, Inc. 401(k) Review & Grade
Savings Incentive and Profit Sharing Plan for Employees of the Hobby Lobby Group
Oklahoma City, OKRetail Trade30,606 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$707Employer $ per active participant
$1,383Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$563.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity26.8 / 5054th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 57th |
| Employee saving | 39th |
| Peers that auto-enroll | 32% |
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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
- Hobby Lobby Stores put in about $707 per active participant, more than the typical peer ($689). 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 | $21,649,008 |
| Participant (employee) contributions | $42,332,447 |
| Other contributions (incl. rollovers in) | $2,692,957 |
| Administrative expenses paid from the plan | $381,264 |
| Contract administrator fees | $600 |
| Benefits paid out | $54,453,331 |
| Net assets, start / end of year | $487.1M / $563.8M |
| Active participants, start / end of year | 29,560 / 31,651 |
| Participants with account balances | 13,361 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hogan Taylor, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $381,264 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815102639NAL0005839779001, received 2025-08-15, EIN 73-1032203, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.