Sophos, Inc 401(k) Review & Grade
Sophos, Inc 401(k) Savings Plan
Burlington, MAProfessional, Scientific & Technical Services744 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,390Employer $ per active participant
$16,227Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$157.7MNet plan assets, end of year
$140,701Average balance per account
Score breakdown
- Employer generosity34.2 / 5068th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 86th |
| Employee saving | 93th |
| Peers that auto-enroll | 48% |
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
Corrective distributions: the plan refunded $9,098 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sophos put in about $4,390 per active participant, more than the typical peer ($3,082). 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.
- 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 | $3,264,240 |
| Participant (employee) contributions | $12,064,565 |
| Other contributions (incl. rollovers in) | $3,278,407 |
| Administrative expenses paid from the plan | $77,703 |
| Contract administrator fees | $900 |
| Other admin expenses | $62,818 |
| Benefits paid out | $15,601,295 |
| Net assets, start / end of year | $128.6M / $157.7M |
| Active participants, start / end of year | 754 / 733 |
| Participants with account balances | 1,121 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Global Retirement Partners, LLC | $62,818 reported compensation |
| Baker Tilly Us,llp | $11,550 reported compensation |
| Baker Tilly US, LLP | $11,550 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015091356NAL0008481538001, received 2025-10-15, EIN 04-3328310, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.