Festo Corporation 401(k) Review & Grade
Festo Corporation 401(k) Plan
Islandia, NYWholesale Trade954 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,161Employer $ per active participant
$8,615Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$171.1MNet plan assets, end of year
$156,365Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost21.0 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-20 pts2 issues reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 84th |
| Employee saving | 89th |
| Peers that auto-enroll | 53% |
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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 ($12,143 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Festo put in about $3,161 per active participant, more than the typical peer ($1,792). 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 | $3,017,572 |
| Participant (employee) contributions | $8,222,867 |
| Other contributions (incl. rollovers in) | $750,179 |
| Administrative expenses paid from the plan | $97,763 |
| Other admin expenses | $13,868 |
| Benefits paid out | $11,801,010 |
| Net assets, start / end of year | $146.3M / $171.1M |
| Active participants, start / end of year | 919 / 990 |
| Participants with account balances | 1,094 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $83,868 reported compensation |
| Capfinancial Partners, LLC | $52,561 reported compensation |
| Bdo USA LLP | $31,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918165915NAL0001639313001, received 2025-09-18, EIN 11-2270659, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.