Envista Holdings Corporation 401(k) Review & Grade
Envista Holdings Corporation Savings Plan
Brea, CAManufacturing3,027 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,415Employer $ per active participant
$9,327Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$591.6MNet plan assets, end of year
$156,977Average balance per account
Score breakdown
- Employer generosity39.9 / 5080th percentile for employer $ per participant
- Low cost18.1 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 73th |
| Employee saving | 76th |
| 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 ($256,409 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $118,138 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Envista Holdings put in about $6,415 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 | $19,419,574 |
| Participant (employee) contributions | $28,233,445 |
| Other contributions (incl. rollovers in) | $3,723,190 |
| Administrative expenses paid from the plan | $341,636 |
| Contract administrator fees | $3,300 |
| Investment advisory & management fees | $159,180 |
| Benefits paid out | $64,006,957 |
| Net assets, start / end of year | $523.0M / $591.6M |
| Active participants, start / end of year | 3,022 / 3,032 |
| Participants with account balances | 3,769 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $3,491,458 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $187,143 reported compensation |
| Strategic Advisors, Inc. | $159,180 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007113639NAL0007824800001, received 2025-10-07, EIN 83-2206728, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.