Factset Research Systems Inc. 401(k) Review & Grade
Factset Research Systems Inc. Plan
Norwalk, CTInformation2,387 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,876Employer $ per active participant
$14,842Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$863.3MNet plan assets, end of year
$215,670Average balance per account
Score breakdown
- Employer generosity43.5 / 5087th percentile for employer $ per participant
- Low cost24.0 / 2596th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 96th |
| Employee saving | 85th |
| Peers that auto-enroll | 59% |
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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 ($6,343 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Factset Research Systems put in about $5,876 per active participant, more than the typical peer ($2,829). 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 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 | $14,025,188 |
| Participant (employee) contributions | $35,428,764 |
| Other contributions (incl. rollovers in) | $3,162,530 |
| Administrative expenses paid from the plan | $136,990 |
| Investment advisory & management fees | $55,666 |
| Other admin expenses | $38,625 |
| Benefits paid out | $49,451,261 |
| Net assets, start / end of year | $731.2M / $863.3M |
| Active participants, start / end of year | 2,410 / 2,364 |
| Participants with account balances | 4,003 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies, LLP. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $55,666 reported compensation |
| Oconnor Davis LLP | $43,000 reported compensation |
| Capfinancial Partners, LLC | $38,625 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009151144NAL0016451394001, received 2025-10-09, EIN 13-3362547, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.