Axonics Modulation Technologies, Inc. 401(k) Review & Grade
Axonics Modulation Technologies Inc 401k Plan
Irvine, CAManufacturing798 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,581Employer $ per active participant
$12,199Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$62.9MNet plan assets, end of year
$71,507Average balance per account
Score breakdown
- Employer generosity43.0 / 5086th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 98th |
| Employee saving | 95th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Axonics Modulation Technologies put in about $5,581 per active participant, more than the typical peer ($2,320). 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.
- 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 | $4,453,927 |
| Participant (employee) contributions | $9,734,834 |
| Other contributions (incl. rollovers in) | $1,232,906 |
| Administrative expenses paid from the plan | $4,620 |
| Contract administrator fees | $4,620 |
| Benefits paid out | $3,763,254 |
| Net assets, start / end of year | $43.7M / $62.9M |
| Active participants, start / end of year | 773 / 823 |
| Participants with account balances | 880 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kieckhafer Schiffer LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $4,620 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924174201NAL0009536211001, received 2025-09-24, EIN 45-4744083, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.