Paccar Inc 401(k) Review & Grade
Paccar Inc Savings Investment Plan
Bellevue, WAManufacturing11,293 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,739Employer $ per active participant
$8,004Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$206,837Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost24.7 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 99th |
| Employee saving | 45th |
| Peers that auto-enroll | 69% |
Red flags from the filing
Corrective distributions: the plan refunded $6,705 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Paccar put in about $4,739 per active participant, below the typical peer ($5,480). 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 | $53,512,860 |
| Participant (employee) contributions | $90,394,490 |
| Other contributions (incl. rollovers in) | $9,494,082 |
| Administrative expenses paid from the plan | $113,140 |
| Contract administrator fees | $6,000 |
| Other admin expenses | $52,012 |
| Benefits paid out | $283,373,302 |
| Net assets, start / end of year | $2.7B / $2.9B |
| Active participants, start / end of year | 11,793 / 10,793 |
| Participants with account balances | 13,995 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young, LLP |
| Employer stock held by plan | $1,331,364,750 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $58,062 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729163438NAL0008140226001, received 2025-07-29, EIN 91-0351110, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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