AT&T Inc. 401(k) Review & Grade
AT&T Retirement Savings Plan
Dallas, TXInformation106,324 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,935Employer $ per active participant
$9,949Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$43.1BNet plan assets, end of year
$228,576Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 10,000+ active participants (30 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 77th |
| Employee saving | 41th |
| Peers that auto-enroll | 60% |
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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
- AT&T put in about $4,935 per active participant, below the typical peer ($5,217). 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.
- 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 | $524,705,000 |
| Participant (employee) contributions | $1,057,854,000 |
| Other contributions (incl. rollovers in) | $97,193,000 |
| Administrative expenses paid from the plan | $16,900,000 |
| Investment advisory & management fees | $14,905,000 |
| Benefits paid out | $4,958,923,000 |
| Net assets, start / end of year | $40.0B / $43.1B |
| Active participants, start / end of year | 109,889 / 102,760 |
| Participants with account balances | 188,628 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Financial Engines, Inc. | $10,373,000 reported compensation |
| Fidelity Investments Institutional | $7,389,469 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008164602NAL0010190992001, received 2025-10-08, EIN 43-1301883, plan #009, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.