Avago Technologies U.S. Inc. 401(k) Review & Grade
Broadcom U.S. 401(k) Plan
San Jose, CAManufacturing13,982 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$15,531Employer $ per active participant
$35,724Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$13.1BNet plan assets, end of year
$355,282Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 86th |
| Employee saving | 100th |
| Peers that auto-enroll | 69% |
Red flags from the filing
Corrective distributions: the plan refunded $114,604 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Avago Technologies U.S. put in about $15,531 per active participant, more than the typical peer ($5,480). 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.
- 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 | $217,148,078 |
| Participant (employee) contributions | $499,474,521 |
| Other contributions (incl. rollovers in) | $84,549,910 |
| Administrative expenses paid from the plan | $2,833,589 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $1,907,269 |
| Other admin expenses | $68,132 |
| Benefits paid out | $1,481,836,514 |
| Net assets, start / end of year | $7.7B / $13.1B |
| Active participants, start / end of year | 10,747 / 17,216 |
| Participants with account balances | 36,751 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Torrillio & Associates, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $576,977 reported compensation |
| Strategic Advisors, Inc. | $253,661 reported compensation |
| Moss Adams | $31,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009135917NAL0011609856001, received 2025-10-09, EIN 20-3387670, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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