Plan Ledger DOL Form 5500 · updated monthly

Sephora USA Inc.401(k)

SEPHORA RETIREMENT PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Sephora USA Inc. reported $1,180,065 in plan administrative expenses for 2024: 0.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $975 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 1 year on file its reported administrative ratio rose from 0.04% to 0.22%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other retail trade employers. By assets it is the 214th-largest of 9,483 plans among California employers on file, and the 101st of 5,215 in retail trade. In 2024, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 20,769 to 25,709 since 2022.

Plan summary
Net assets, end of year$600,097,104
Participants with balances25,815
Active participants25,709
Employer contributions$25,066,319
Employee contributions$47,327,431
Employer contribution per active participant$975
Average account balance$23,246
Benefits paid to participants$46,334,535
Plan auditUnmodified (clean) audit opinion
AuditorMILLER KAPLAN, ARASE & CO., LLP
Plan history3
Yearassets · accounts · employer contribution
2024$600.1M · 25,815 accts · $25.1M emplr
2023$489.6M · 22,766 accts · $20.5M emplr
2022$380.6M · 19,641 accts · $17.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,180,065
Total administrative$1,180,065
The Sephora USA Inc. 401(k) match · 2024
Employer contribution per active participant$975
Median for plans this size$4,294
2024$975 per active participant
2023$1,168 per active participant
2022$820 per active participant

Sephora USA Inc.'s 2024 employer contribution ran below the $4,294 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,180,215

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$1,180,065 · 0.22%
2023$164,957 · 0.04%
2022Not separately reported
Same employer
Similar plansRetail Trade · California
Ross Stores, Inc. CA$1.0B · 0.06%
The Save Mart Companies CA$993.0M · 0.11%
Williams-Sonoma, Inc. CA$882.6M · 0.08%
Raley's CA$639.7M · 0.11%
Hft Holdings, Inc. CA$473.9M · 0.16%
Central Garden & Pet Company CA$444.3M · 0.06%
Smart & Final LLC CA$386.5M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943322407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.