Symbotic LLC 401(k) Review & Grade
Symbotic LLC 401(k) Plan
Wilmington, MAManufacturing1,448 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,849Employer $ per active participant
$8,693Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$88.9MNet plan assets, end of year
$46,986Average balance per account
Score breakdown
- Employer generosity36.6 / 5073th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 37th |
| Employee saving | 84th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $22,220 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Symbotic put in about $3,849 per active participant, more than the typical peer ($2,320). 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 | $5,575,881 |
| Participant (employee) contributions | $12,591,787 |
| Other contributions (incl. rollovers in) | $4,771,068 |
| Administrative expenses paid from the plan | $251,221 |
| Investment advisory & management fees | $178,591 |
| Benefits paid out | $7,833,320 |
| Net assets, start / end of year | $63.8M / $88.9M |
| Active participants, start / end of year | 1,216 / 1,681 |
| Participants with account balances | 1,891 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Aafcpas, Inc. |
Largest service providers (Schedule C)
| Global Retirement Partners LLC | $109,086 reported compensation |
| Empower Annuity Ins Co of America | $72,630 reported compensation |
| Empower Advisory Group, LLC | $69,505 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009082049NAL0006283233001, received 2025-10-09, EIN 20-8782926, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.