Ulta Salon Cosmetics & Fragrance 401(k) match, vesting and fees
What Ulta Salon Cosmetics & Fragrance's 401(k) plan says about matching contributions
The Plan was amended and restated effective January 1, 2019, to a safe-harbor Plan. The Company makes matching contributions of 100% of employees’ salary deferral amounts on the first 3% and 50% on the next 2% of employees’ compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Match vesting | Participants are immediately fully vested in their voluntary contributions plus earnings thereon as well as in the Company’s safe-harbor contributions, qualified nonelective contributions (QNEC) and qualified matching contributions (QMAC) plus earnings thereon. | Audit report, p. 28 ↗ |
| Roth contributions | Employee rollover contributions and Roth contributions are also permitted. | Audit report, p. 28 ↗ |
| Loans | Participants may borrow from their vested accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested balances. The loans are secured by the balance in the participant’s vested account and bear interest at the rate in effect on the issuance date of the loan as determined by the Plan administrator. As of December 31, 2024, the interest rate on current loans outstanding ranges from 3.25% to 8.50% per annum. | Audit report, p. 29 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| Ulta Salon Cosmetics & Fragrance: employer contribution per participant | $1,915 | |
| Peer median | $1,215 |
| Ulta Salon Cosmetics & Fragrance: average balance | $39,845 | |
| Peer median | $48,539 |
| Ulta Salon Cosmetics & Fragrance: admin expenses ÷ assets | 0.17% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $435M at the end of plan year 2023 to $542M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 70,205 | $542M | $26.1M | $1,915 | 0.17% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 65,955 | $435M | $24.5M | $1,893 | 0.18% | Not published | Form 5500 ↗ |
Common questions
Does Ulta Salon Cosmetics & Fragrance match 401(k) contributions?
The audit report attached to the Ulta Salon Cosmetics & Fragrance 401(k) Retirement Plan's plan year 2024 Form 5500, page 28 says: “The Plan was amended and restated effective January 1, 2019, to a safe-harbor Plan. The Company makes matching contributions of 100% of employees’ salary deferral amounts on the first 3% and 50% on the next 2% of employees’ compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Ulta Salon Cosmetics & Fragrance 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 28 says: “Participants are immediately fully vested in their voluntary contributions plus earnings thereon as well as in the Company’s safe-harbor contributions, qualified nonelective contributions (QNEC) and qualified matching contributions (QMAC) plus earnings thereon.”
Who manages the Ulta Salon Cosmetics & Fragrance 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Ulta Salon Cosmetics & Fragrance, Inc..
I left Ulta Salon Cosmetics & Fragrance. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Ulta Salon Cosmetics & Fragrance, Inc., (630) 226-0020) or the recordkeeper, Fidelity Investments Institutional. The Ulta Salon Cosmetics & Fragrance old 401(k) page lists the contacts from every plan filing. Find an old Ulta Salon Cosmetics & Fragrance 401(k)
Data from the public Form 5500 annual reports Ulta Salon Cosmetics & Fragrance filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Ulta Salon Cosmetics & Fragrance. Not financial advice. Report a correction · Methodology