Plan Snapshot
- Plan Sponsor: Hanesbrands LLC
- Sponsor EIN: 203552316
- Sponsor Address: 101 N. CHERRY STREET, WINSTON-SALEM, NC, 27101
- Plan Type: 401(k)
- Plan Number: 401
- Total Participants: 5,436
- Total Assets: $586.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 5,436 | $586.3M | $0 | $0 |
| 2024 | 2,562 | $659.9M | $9.9M | $19.6M |
| 2023 | 5,206 | $664.9M | $9.9M | $23.9M |
| 2022 | 6,318 | $642.4M | $11.8M | $26.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INV INST OPS | Recordkeeper | $538,946 | — | $538,946 |
| NORTHERN TRUST CO. | Investment Advisor | $245,238 | — | $245,238 |
| MCMERMOTT, WILL & SCHULTE LLP | ERISA Attorney | $89,915 | — | $89,915 |
| FORVIS MAZARS, LLP | Auditor | $50,900 | — | $50,900 |
| FIDUCIARY COUNSELORS | Investment Advisor | $40,000 | — | $40,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $964,999
- Estimated Expense Ratio: 0.165% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $175,841,651 | $285,238 | — | $50,900 | — |
| 2024 | $755,416 | $35,824 | — | $87,000 | — |
| 2023 | $620,157 | $86,862 | — | $47,775 | — |
| 2022 | $1,048,611 | $38,273 | — | — | $680,886 |