Deere & Company 401(k) Review & Grade
John Deere Tax Deferred Savings Plan
Moline, ILManufacturing12,070 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,437Employer $ per active participant
$6,785Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$139,956Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost23.9 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 95th |
| Employee saving | 35th |
| Peers that auto-enroll | 69% |
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
- Deere & put in about $3,437 per active participant, below the typical peer ($5,480). 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 | $41,479,788 |
| Participant (employee) contributions | $81,890,711 |
| Other contributions (incl. rollovers in) | $8,213,464 |
| Administrative expenses paid from the plan | $210,212 |
| Contract administrator fees | $9,300 |
| Benefits paid out | $147,726,085 |
| Net assets, start / end of year | $1.8B / $2.1B |
| Active participants, start / end of year | 12,516 / 11,623 |
| Participants with account balances | 14,854 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Fid Inv Inst Ops Co | $210,212 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260804121623NAL0001923330001, received 2026-08-04, EIN 36-2382580, plan #008, plan year 2024-11-01 to 2025-10-31. Verify at efast.dol.gov.
Other 401(k) plans filed under this employer's EIN
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