Agco Corporation 401(k) Review & Grade
Agco Corporation Savings Plan
Duluth, GAManufacturing4,836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,961Employer $ per active participant
$6,917Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$757.3MNet plan assets, end of year
$123,809Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 65th |
| Employee saving | 59th |
| Peers that auto-enroll | 70% |
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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
- Agco put in about $3,961 per active participant, more than the typical peer ($3,452). 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 | $19,156,721 |
| Participant (employee) contributions | $33,453,398 |
| Other contributions (incl. rollovers in) | $5,017,517 |
| Administrative expenses paid from the plan | $559,627 |
| Other admin expenses | $559,627 |
| Benefits paid out | $76,703,040 |
| Net assets, start / end of year | $678.1M / $757.3M |
| Active participants, start / end of year | 4,904 / 4,769 |
| Participants with account balances | 6,117 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bennett Thrasher, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $392,353 reported compensation |
| Vanguard Advisers Inc. | $96,097 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260302180224NAL0000918675001, received 2026-03-02, EIN 58-1960019, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.