Dillard's, Inc. Investment & Employee Stock Ownership Plan
Dillard's, Inc. · Little Rock, AR · EIN 710388071 · Plan 111 · Form 5500 for plan year 2024
What DILLARD'S put into the plan, per active participant
$850
DILLARD'S, INC. put $850 into this plan for each of its 26,070 active participants in plan year 2024. That is the whole employer side, matching money, profit sharing, non-elective and safe-harbor contributions and reallocated forfeitures together, because the Form 5500 reports them on one line, so it is not the match rate.
DILLARD'S put in more per active participant than 63% of plans with 5,000+ participants in retail. The middle plan in that group of 196 reported $700. Retail comes from business code 452200, which DILLARD'S, INC. entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much DILLARD'S pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: Form 5500 filing for the plan year ended December 31, 2024, received by the DOL October 15, 2025 · DOL EFAST2 ↗
The $850 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. DILLARD'S, INC. also files a Form 11-K, which states the match formula on its own for plan year 2025: the section below reads $1,733 a year at a $49,500 salary. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What the plan cost, per participant
$49.54
The plan paid $49.54 per participant in plan-paid administrative expenses in plan year 2024, cheaper than 55% of plans with 5,000+ participants. The middle plan of that size paid $54.84.
Why a plan this big pays less per person before anything else
Bigger plans pay less per head by construction, because the same negotiated bill divides across more people. That is why this ranking sits inside the plan's own size cohort and is never taken across all plans.
Schedule H reports only what came out of plan assets. Fees the sponsor pays directly, and fees taken inside fund expense ratios, never appear here, so this is a floor and not the all-in cost.
401(k) Monitor Score
60 out of 100
Where this plan stands against plans of its size and industry on two amounts its Form 5500 reports: employer money in per active person, and plan-paid cost per person. It reads no match formula, no vesting schedule and no fund lineup, because a Form 5500 states none of them.
- What the employer put in, per active participant: $850. Higher than 63% of plans with 5,000+ participants in retail.
- What the plan cost, per participant: $49.54. Cheaper than 55% of plans with 5,000+ participants.
On this page: the match and vesting terms · what to check next · every figure on the filing · fees itemised · the plans this one is ranked against · service providers
The match and vesting terms, from a Form 11-K
The match formula and the vesting schedule are stated in a Form 11-K, which is filed only by employers whose plan holds company stock. A Form 5500 reports neither.
What DILLARD'S puts in
$1,733
a year, at a $49,500 salary.
The match paragraph, word for word
“participants who are eligible for Company matching contributions will receive a matching contribution equal to 100% on the first 1% of a participant’s eligible earnings contributed to the Plan and 50% on the next 5% of a participant’s eligible earnings contributed to the Plan, for a maximum Company matching contribution of 3 1/2 %.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
71.43 out of 100
How fast the employer’s money becomes yours. Higher than 32% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Vesting in the Company’s contribution portion of the participant’s accounts plus earnings or losses thereon is based on years of service, or in the event of death, disability or retirement, the participant is entitled to 100% of his or her account balance. Matching contributions vest after a participant completes 2 or more years of service, except in the case of certain merged accounts, which were fully vested upon transfer.”
A worker hired today collects no match for 1 year. This is a filed term, and it does not move the score above.
Eligibility, word for word
“An employee is eligible to make Basic Salary Deferral Contributions and receive Company matching contributions no later than the first business day of the second calendar week next following the calendar week that he or she has both attained age 21 and completed one year of service for eligibility.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
45th percentile
$49.54 per participant in plan-paid administrative cost, cheaper than 55% of plans with 5,000+ participants.
The match, vesting and eligibility terms above are read from the Form 11-K filed by DILLARD'S, INC., whose page states the full formula, the vesting schedule and the sentence behind each one.
Matched to this employer by sponsor name, not by an identifier stated in the filing. That Form 11-K covers Dillard’s, Inc. Investment & Employee Stock Ownership Plan.
What to check next
Collecting the whole match
DILLARD'S’s Form 11-K pays the whole match at 6% of pay, which is $1,733 a year at a $49,500 salary and scales with your own. Your payslip and your recordkeeper account both show the rate you set. A rate below 6% collects less than the whole match.
That Form 11-K covers plan year 2025. The plan’s Summary Plan Description states the terms in force, and the plan administrator must provide it to participants on request.
Your own numbers are not on this page
Every figure here is the whole plan for plan year 2024, taken from one filing and divided by headcounts. Your own contribution rate, your balance and the fees taken from your account are on your recordkeeper’s site. What you may put in during a year is set by the IRS and not by the plan: this year’s limits ↗.
Key figures
| Total plan assets, end of year | $3,003,997,060 |
|---|---|
| Net assets | $3,003,951,988 |
| Participants, beginning of year | 47,826 |
| Of which active | 26,070 |
| Plan type | Single employer |
| Size cohortThe peer group we rank fees against. | 5,000+ participants |
| Employer share of the money that went in, plan year 2024The rest came from employees, who put in $50,771,035. The share falls when employees save more, so a plan whose staff contribute heavily reads lower here through no act of the employer. It is printed as a fact and it is not part of the score. | 30% |
Plan-paid administrative expenses
The plan paid $2,369,185 in administrative expenses in plan year 2024, across 47,826 participants: $49.54 per participant.
| Contract administrator fees | not reported in filing |
|---|---|
| Professional fees | not reported in filing |
| Investment management fees | $106,832 |
| Other administrative fees | $46,342 |
These are plan-paid expenses from Schedule H only. Fees the sponsor pays directly, and fees embedded in fund expense ratios, never appear here. This figure is a floor, not the all-in cost, and a low number is not “free”.
The plans this one is ranked against
Fees on this page are ranked against the 5,000+ participant cohort, where the median plan pays $54.84 per participant. The sponsor files from Arkansas, one of 310 plans on file there, at a median of $119.81 per participant. Its business code places the plan in retail, one of 2,305 on file, which run to a median of $93.99.
Plans of a similar size in Arkansas
| Plan | Participants | Cost per participant |
|---|---|---|
| Walmart 401(k) PlanWalmart Inc. | 1,921,006 | $21.48 |
| Tyson Foods, Inc. Retirement Savings PlanTyson Foods, Inc. | 131,960 | $38.23 |
| J.B. Hunt Transport Services, Inc. Employee Retirement PlanJ.B. Hunt Transport Services, Inc. | 39,261 | $49.82 |
| Baptist Health 401(A) PlanBaptist Health | 16,314 | $54.89 |
Service providers (Schedule C)
Recordkeeper: Milliman (as filed: “MILLIMAN”)
217 plans on file name Milliman as their recordkeeper, at a median of $152.44 per participant.
| Provider | Service codes | Direct comp. ($) | Indirect comp. ($) |
|---|---|---|---|
| Milliman | 50, 37, 64, 60, 15 | 1,900,218 | 0 |
| Newport Trust Company | 50, 21 | 200,000 | not reported |
| Newport Group Securities | 50, 27 | 106,832 | not reported |
| Grant Thornton | 50, 10 | 52,500 | not reported |
| Toppan Merrill LLC | 50, 38 | 46,342 | not reported |
| Friday Eldredge & Clark, LLP | 50, 29 | 42,293 | not reported |
| Bdo USA, P.C. | 50, 10 | 21,000 | not reported |
Useful links
- Find a 401(k) you left at an old job ↗
The DOL's Retirement Savings Lost & Found. Free and official.
- Look up this plan's full Form 5500 ↗
The DOL's own filing search. Search by plan or sponsor name.
- Download this plan's data (CSV) ↗
Every field on this page, one row, ready for a spreadsheet.
Source
| Dataset | DOL EFAST2 Form 5500 bulk data (FOIA) |
|---|---|
| Form year | 2024 |
| Filing ACK_ID | 20251015220106NAL0003036867001 |
| Dataset last refreshed | July 28, 2026 |
Bulk dataset at askebsa.dol.gov ↗ · Look up the filing on EFAST2 ↗
Filings lag by design: a plan can file up to 9½ months after its year ends, so this is the newest data on file. Why filings lag
Cite this page
401(k) Monitor, "Dillard's, Inc. Investment & Employee Stock Ownership Plan: Form 5500 facts", from DOL EFAST2 filing 20251015220106NAL0003036867001, plan year ended December 31, 2024. 401(k) Monitor Score 60 out of 100 (exact value 60.38).