Alcon Vision, LLC 401(k) Review & Grade
Alcon 401(k) Savings Plan
Fort Worth, TXManufacturing9,696 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,601Employer $ per active participant
$11,807Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$228,565Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 94th |
| Employee saving | 90th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $42,186 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alcon Vision put in about $6,601 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.
- 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 | $64,005,024 |
| Participant (employee) contributions | $114,486,430 |
| Other contributions (incl. rollovers in) | $11,000,361 |
| Administrative expenses paid from the plan | $583,799 |
| Investment advisory & management fees | $150,980 |
| Benefits paid out | $290,516,665 |
| Net assets, start / end of year | $2.7B / $2.9B |
| Active participants, start / end of year | 9,762 / 9,631 |
| Participants with account balances | 12,869 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP. |
Largest service providers (Schedule C)
| Fidelity Invest Institl | $364,502 reported compensation |
| Mercer | $150,980 reported compensation |
| Baker Tilly US, LLP | $68,317 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917121151NAL0000604162001, received 2025-09-17, EIN 75-2252369, plan #012, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.