Kering Americas, Inc 401(k) Review & Grade
Kering Americas, Inc. Retirement and Savings Plan
Wayne, NJRetail Trade4,614 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,759Employer $ per active participant
$5,488Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$344.9MNet plan assets, end of year
$47,839Average balance per account
Score breakdown
- Employer generosity47.0 / 5094th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 68th |
| Employee saving | 91th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,161 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kering Americas put in about $2,759 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.
- 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 | $12,728,208 |
| Participant (employee) contributions | $25,321,978 |
| Other contributions (incl. rollovers in) | $2,811,955 |
| Administrative expenses paid from the plan | $227,034 |
| Investment advisory & management fees | $65,059 |
| Benefits paid out | $37,891,208 |
| Net assets, start / end of year | $300.3M / $344.9M |
| Active participants, start / end of year | 4,826 / 4,402 |
| Participants with account balances | 7,210 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bonadio & Co. LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $143,475 reported compensation |
| Hightower Advisors, LLC | $64,000 reported compensation |
| Bonadio & Co. LLP | $18,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015132242NAL0002358659007, received 2025-10-15, EIN 22-3091355, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.