Colgate-Palmolive Company 401(k) Review & Grade
Colgate-Palmolive Company Employees Savings & Investment Plan
New York, NYManufacturing5,904 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,974Employer $ per active participant
$11,202Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$3.3BNet plan assets, end of year
$369,875Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 56th |
| Employee saving | 88th |
| 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
- Colgate-Palmolive put in about $11,974 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 | $70,690,314 |
| Participant (employee) contributions | $66,133,079 |
| Other contributions (incl. rollovers in) | $7,155,191 |
| Administrative expenses paid from the plan | $3,239,268 |
| Contract administrator fees | $2,206,234 |
| Investment advisory & management fees | $247,786 |
| Other admin expenses | $785,248 |
| Benefits paid out | $328,792,023 |
| Net assets, start / end of year | $3.0B / $3.3B |
| Active participants, start / end of year | 5,766 / 6,041 |
| Participants with account balances | 8,835 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $686,649,957 |
Largest service providers (Schedule C)
| Alight Solutions, LLC | $1,147,337 reported compensation |
| T. Rowe Price Associates, Inc. | $989,269 reported compensation |
| Blackrock Inst. Trust Co., N.A. | $636,941 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010145338NAL0004725843001, received 2025-10-10, EIN 13-1815595, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.