Equifax, Inc 401(k) Review & Grade
Equifax Inc. 401k Plan
Atlanta, GAFinance & Insurance6,608 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,640Employer $ per active participant
$11,412Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$151,804Average balance per account
Score breakdown
- Employer generosity32.3 / 5065th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 77th |
| Employee saving | 81th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $29,232 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Equifax put in about $5,640 per active participant, more than the typical peer ($4,489). 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 | $37,272,888 |
| Participant (employee) contributions | $75,415,673 |
| Other contributions (incl. rollovers in) | $10,310,140 |
| Administrative expenses paid from the plan | $730,349 |
| Investment advisory & management fees | $421,550 |
| Other admin expenses | $88,012 |
| Benefits paid out | $138,318,067 |
| Net assets, start / end of year | $1.3B / $1.5B |
| Active participants, start / end of year | 6,793 / 6,424 |
| Participants with account balances | 9,702 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith & Howard, P.C. |
| Employer stock held by plan | $59,010,668 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $422,704 reported compensation |
| Fidelity Inv. Inst. Oper. Co., Inc | $123,624 reported compensation |
| Sageview | $108,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015211022NAL0002892323001, received 2025-10-15, EIN 58-0401110, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.