Tory Burch, LLC 401(k) Review & Grade
Tory Burch, LLC 401(k) Plan
New York, NYRetail Trade3,247 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,643Employer $ per active participant
$3,355Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$117.7MNet plan assets, end of year
$63,959Average balance per account
Score breakdown
- Employer generosity41.5 / 5083th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 37th |
| Employee saving | 70th |
| Peers that auto-enroll | 42% |
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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
- Tory Burch put in about $1,643 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.
- Direct plan expenses (0.19% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $5,333,819 |
| Participant (employee) contributions | $10,892,540 |
| Other contributions (incl. rollovers in) | $860,266 |
| Administrative expenses paid from the plan | $198,846 |
| Investment advisory & management fees | $55,000 |
| Benefits paid out | $8,781,324 |
| Net assets, start / end of year | $93.8M / $117.7M |
| Active participants, start / end of year | 2,179 / 4,315 |
| Participants with account balances | 1,841 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $143,846 reported compensation |
| Kestra Investment Services LLC | $55,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172448NAL0002701059001, received 2025-10-15, EIN 56-2384277, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.