Formfactor, Inc. 401(k) Review & Grade
Formfactor, Inc. 401(k) Plan
Livermore, CAManufacturing1,564 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,668Employer $ per active participant
$9,793Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$276.8MNet plan assets, end of year
$138,875Average balance per account
Score breakdown
- Employer generosity17.4 / 5035th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 69th |
| Employee saving | 89th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Formfactor put in about $1,668 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.
- 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 | $2,610,033 |
| Participant (employee) contributions | $15,320,811 |
| Other contributions (incl. rollovers in) | $1,620,632 |
| Administrative expenses paid from the plan | $320,335 |
| Investment advisory & management fees | $1,139 |
| Other admin expenses | $58,252 |
| Benefits paid out | $18,393,622 |
| Net assets, start / end of year | $241.7M / $276.8M |
| Active participants, start / end of year | 1,481 / 1,648 |
| Participants with account balances | 1,993 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PKF San Diego, LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $158,875 reported compensation |
| Sageview Advisory Group LLC | $57,447 reported compensation |
| PKF | $11,025 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908122231NAL0041441570001, received 2025-09-08, EIN 13-3711155, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.