Darktrace Inc 401(k) Review & Grade
Darktrace Inc 401(k) Profit Sharing Plan & Trust
New York, NYManufacturing875 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$835Employer $ per active participant
$7,576Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$24.8MNet plan assets, end of year
$21,808Average balance per account
Score breakdown
- Employer generosity6.5 / 5013th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 30th |
| Employee saving | 78th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $103,220 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Darktrace put in about $835 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.41% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $731,044 |
| Participant (employee) contributions | $6,629,228 |
| Other contributions (incl. rollovers in) | $1,787,369 |
| Administrative expenses paid from the plan | $81,020 |
| Contract administrator fees | $70,432 |
| Investment advisory & management fees | $9,728 |
| Benefits paid out | $1,994,096 |
| Net assets, start / end of year | $15.0M / $24.8M |
| Active participants, start / end of year | 901 / 849 |
| Participants with account balances | 1,138 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tillly US, LLP |
Largest service providers (Schedule C)
| Paychex, Inc. | $45,795 reported compensation |
| 401k Generation | $24,273 reported compensation |
| Mesirow | $9,728 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250804152251NAL0002939410001, received 2025-08-04, EIN 61-1728558, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.