Plan Ledger DOL Form 5500 · updated monthly

Designer Brands Inc.401(k)

DESIGNER BRANDS INC. 401(K) PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.13%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Designer Brands Inc. reported $298,016 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $644 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.15% to 0.13%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 187th-largest of 3,295 plans among Ohio employers on file, and the 188th of 5,215 in retail trade. In 2024, employees put in $2.26 for every $1.00 the employer contributed; active participation has grown from 7,474 to 10,332 since 2022.

Plan summary
Net assets, end of year$241,821,104
Participants with balances3,453
Active participants10,332
Employer contributions$6,654,897
Employee contributions$15,038,890
Employer contribution per active participant$644
Average account balance$70,032
Benefits paid to participants$38,526,622
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$241.8M · 3,453 accts · $6.7M emplr
2023$227.3M · 3,470 accts · $6.7M emplr
2022$186.8M · 3,555 accts · $6.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$191,833
Investment management$106,183
Total administrative$298,016
The Designer Brands Inc. 401(k) match · 2024
Employer contribution per active participant$644
Median for plans this size$3,635
2024$644 per active participant
2023$939 per active participant
2022$828 per active participant

Designer Brands Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$191,833
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$106,184

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$298,016 · 0.13%
2023$262,598 · 0.13%
2022$302,179 · 0.15%
Same employer
Similar plansRetail Trade · Ohio
Sterling Jewelers Inc. OH$742.1M · 0.15%
Abercrombie & Fitch Co. OH$487.7M · 0.08%
Big Lots, Inc. OH$333.4M · 0.18%
Ta Operating LLC OH$183.1M · 0.44%
Jo-Ann Stores, LLC OH$182.7M · 0.11%
Discount Drug Mart, Inc. OH$169.4M · 0.10%
Carter-Jones Companies, Inc. OH$167.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310746639 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.