Stryker Corporation 401(k) Review & Grade
Stryker Corporation 401(k) Savings and Retirement Plan
Portage, MIManufacturing25,768 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,365Employer $ per active participant
$12,222Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$7.9BNet plan assets, end of year
$220,853Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 69th |
| Employee saving | 71th |
| Peers that auto-enroll | 69% |
Red flags from the filing
Corrective distributions: the plan refunded $67,553 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Stryker put in about $11,365 per active participant, more than the typical peer ($5,480). 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 | $292,845,894 |
| Participant (employee) contributions | $314,932,189 |
| Other contributions (incl. rollovers in) | $46,139,032 |
| Administrative expenses paid from the plan | $3,873,552 |
| Other admin expenses | $3,873,552 |
| Benefits paid out | $403,331,086 |
| Net assets, start / end of year | $6.6B / $7.9B |
| Active participants, start / end of year | 25,035 / 26,501 |
| Participants with account balances | 35,640 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young |
Largest service providers (Schedule C)
| Vanguard Advisers Inc. | $2,402,261 reported compensation |
| The Vanguard Group, Inc. | $1,291,120 reported compensation |
| Fund Evaluation Group | $127,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250714144343NAL0000956691001, received 2025-07-14, EIN 38-1239739, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
Get notified when Stryker's next filing posts
The most generous employers, the worst red flags, and plain-English 401(k) tips. One email a month.