Plan Ledger DOL Form 5500 · updated monthly

Hanesbrands Inc.401(k) + ESOP (KSOP)

HANESBRANDS INC. RETIREMENT SAVINGS PLAN · WINSTON SALEM, NC · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Hanesbrands Inc. reported $620,157 in plan administrative expenses for 2023: 0.09% of average plan assets, above the peer median. Employer contributions averaged $1,907 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 3 years on file its reported administrative ratio rose from 0.14% to 0.16%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other wholesale trade employers. By assets it is the 55th-largest of 2,005 plans among North Carolina employers on file, and the 77th of 4,246 in wholesale trade. In 2023, employees put in $2.40 for every $1.00 the employer contributed; active participation has shrunk from 6,318 to 5,206 since 2022.

Plan summary
Net assets, end of year$664,609,189
Participants with balances8,468
Active participants5,206
Employer contributions$9,930,064
Employee contributions$23,851,886
Employer contribution per active participant$1,907
Average account balance$78,485
Benefits paid to participants$110,489,557
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$586.1M · 5,280 accts · $7.3M emplr
2024$659.8M · 7,610 accts · $9.9M emplr
2023$664.6M · 8,468 accts · $9.9M emplr
2022$642.1M · 9,814 accts · $11.8M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$415,715
Investment management$86,862
Audit (IQPA)$47,775
Trustee / custodial$4,976
Total administrative$620,157
The Hanesbrands Inc. 401(k) match · 2023
Employer contribution per active participant$1,907
Median for plans this size$4,362
2025$4,034 per active participant
2024$3,854 per active participant
2023$1,907 per active participant
2022$1,873 per active participant

Hanesbrands Inc.'s 2023 employer contribution ran below the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
FIDELITY INV INST OPS · Loan processing$415,715
NORTHERN TRUST CO. · Investment advisory (plan)$86,862
FORVIS MAZARS, LLP · Accounting / audit$47,775
LCG ASSOCIATES · Consulting$26,929

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

Administrative cost history4
2025$980,062 · 0.16%
2024$755,416 · 0.11%
2023$620,157 · 0.09%
2022$1,048,611 · 0.14%
Same employer
Similar plansWholesale Trade · North Carolina
Wand Newco 3, Inc. TX$695.2M · 0.28%
Hilti, Inc. OK$685.6M · 0.01%
Helena Agri-Enterprises, LLC TN$678.2M · 0.06%
Dot Holdings Co MO$673.8M · 0.09%
Acosta, Inc. FL$651.5M · 0.10%
Avantor, Inc. PA$648.0M · 0.10%
Ingram Industries Inc. TN$634.1M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 203552316 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.