Check Point Software Technologies, Inc. 401(k) Review & Grade
Check Point Software Technologies, Inc 401(k) Retirement Plan
Redwood City, CAProfessional, Scientific & Technical Services1,512 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,055Employer $ per active participant
$14,865Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$285.4MNet plan assets, end of year
$128,110Average balance per account
Score breakdown
- Employer generosity32.2 / 5064th percentile for employer $ per participant
- Low cost21.2 / 2585th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 85th |
| Employee saving | 88th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,181 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Check Point Software Technologies put in about $4,055 per active participant, more than the typical peer ($3,082). 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 | $6,129,186 |
| Participant (employee) contributions | $22,468,698 |
| Other contributions (incl. rollovers in) | $6,238,689 |
| Administrative expenses paid from the plan | $152,172 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $48,825 |
| Benefits paid out | $24,449,645 |
| Net assets, start / end of year | $239.2M / $285.4M |
| Active participants, start / end of year | 1,501 / 1,522 |
| Participants with account balances | 2,228 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Silicon Valley Accountancy Corp. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $92,979 reported compensation |
| Global Retirement Partners LLC | $48,825 reported compensation |
| Silicon Valley Accountancy Corp. | $10,368 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014205513NAL0007391090001, received 2025-10-14, EIN 94-3229135, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.