The Swatch Group (U.S.) Inc. 401(k) Review & Grade
The Swatch Group (U.S.) Inc. 401(k) Plan
Miami, FLManufacturing926 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,859Employer $ per active participant
$4,272Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$74.7MNet plan assets, end of year
$104,854Average balance per account
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 65th |
| Employee saving | 41th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Swatch Group (U.S.) put in about $1,859 per active participant, below the typical peer ($2,320). 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.
- 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 | $1,720,816 |
| Participant (employee) contributions | $3,953,715 |
| Other contributions (incl. rollovers in) | $351,756 |
| Administrative expenses paid from the plan | $98,003 |
| Contract administrator fees | $59,055 |
| Benefits paid out | $4,356,944 |
| Net assets, start / end of year | $64.3M / $74.7M |
| Active participants, start / end of year | 889 / 962 |
| Participants with account balances | 712 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Newport Group, Inc. | $79,612 reported compensation |
| Newport Trust Company | $18,391 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015122950NAL0006255408001, received 2025-10-15, EIN 13-2972171, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.