Qualcomm Incorporated 401(k) Review & Grade
Qualcomm Incorporated Employee Savings and Retirement Plan
San Diego, CAInformation13,638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,485Employer $ per active participant
$25,430Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$9.7BNet plan assets, end of year
$428,367Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 98th |
| Employee saving | 93th |
| Peers that auto-enroll | 60% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($9,918 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $67,446 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Qualcomm Incorporated put in about $5,485 per active participant, more than the typical peer ($5,217). 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 | $74,802,187 |
| Participant (employee) contributions | $346,822,111 |
| Other contributions (incl. rollovers in) | $24,940,569 |
| Administrative expenses paid from the plan | $425,489 |
| Investment advisory & management fees | $198,909 |
| Other admin expenses | $23,271 |
| Benefits paid out | $588,413,384 |
| Net assets, start / end of year | $8.1B / $9.7B |
| Active participants, start / end of year | 13,777 / 13,500 |
| Participants with account balances | 22,540 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withumsmith Brown, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $443,307 reported compensation |
| Callan LLC | $198,909 reported compensation |
| Dla Piper LLP | $73,841 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010194901NAL0004477923001, received 2025-10-10, EIN 95-3685934, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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