Tapestry, Inc. 401(k) Review & Grade
Tapestry, Inc. 401(k) Savings Plan
New York, NYRetail Trade10,412 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,453Employer $ per active participant
$2,861Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$659.1MNet plan assets, end of year
$78,168Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 50th |
| Employee saving | 80th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Tapestry put in about $1,453 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 | $15,124,607 |
| Participant (employee) contributions | $29,791,618 |
| Other contributions (incl. rollovers in) | $2,357,546 |
| Administrative expenses paid from the plan | $532,400 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $120,359 |
| Other admin expenses | $38,999 |
| Benefits paid out | $52,294,929 |
| Net assets, start / end of year | $580.1M / $659.1M |
| Active participants, start / end of year | 8,968 / 11,856 |
| Participants with account balances | 8,432 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $326,450 reported compensation |
| Strategic Advisors, Inc. | $120,359 reported compensation |
| Harter Secrest & Emery LLP | $46,592 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250703083823NAL0000787136001, received 2025-07-03, EIN 52-2242751, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.