Konica Minolta Business Solutions U.S.A., Inc. 401(k) Review & Grade
Konica Minolta 401(k) Plan
Ramsey, NJProfessional, Scientific & Technical Services5,333 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,963Employer $ per active participant
$6,990Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$150,368Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost16.4 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 66th |
| Employee saving | 38th |
| Peers that auto-enroll | 47% |
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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
- Konica Minolta Business Solutions U.S.A. put in about $2,963 per active participant, more than the typical peer ($2,951). 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.
- 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 | $15,801,350 |
| Participant (employee) contributions | $37,275,733 |
| Other contributions (incl. rollovers in) | $5,184,476 |
| Administrative expenses paid from the plan | $856,874 |
| Investment advisory & management fees | $105,000 |
| Benefits paid out | $147,610,130 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 5,380 / 5,286 |
| Participants with account balances | 7,664 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Withum Smith + Brown. PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $693,426 reported compensation |
| Creative Planning Holdco LLC DBA CR | $105,000 reported compensation |
| Withumsmith+brown, PC | $36,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010112909NAL0008056913001, received 2025-10-10, EIN 13-1921089, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.