Advanced Micro Devices, Inc. 401(k) Review & Grade
Advanced Micro Devices, Inc. Retirement Savings Plan
Austin, TXManufacturing9,900 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,025Employer $ per active participant
$20,966Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$3.0BNet plan assets, end of year
$232,492Average balance per account
Score breakdown
- Employer generosity44.5 / 5089th percentile for employer $ per participant
- Low cost22.4 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score69 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 89th |
| Employee saving | 99th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($6,497,010 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $147,546 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Advanced Micro Devices put in about $8,025 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $79,454,475 |
| Participant (employee) contributions | $207,578,144 |
| Other contributions (incl. rollovers in) | $40,982,634 |
| Administrative expenses paid from the plan | $847,865 |
| Contract administrator fees | $5,884 |
| Investment advisory & management fees | $432,334 |
| Other admin expenses | $20,465 |
| Benefits paid out | $166,000,996 |
| Net assets, start / end of year | $2.5B / $3.0B |
| Active participants, start / end of year | 9,481 / 10,320 |
| Participants with account balances | 13,048 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $452,799 reported compensation |
| Fidelity Investments Institutional | $404,614 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008084711NAL0012944386001, received 2025-10-08, EIN 94-1692300, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.