Gen Digital Inc. 401(k) Review & Grade
Gen Digital Inc. 401(k) Plan
Tempe, AZProfessional, Scientific & Technical Services1,126 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,591Employer $ per active participant
$13,432Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$197,456Average balance per account
Score breakdown
- Employer generosity29.5 / 5059th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 90th |
| Employee saving | 82th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($10,243 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,817 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Gen Digital put in about $3,591 per active participant, more than the typical peer ($3,082). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,043,596 |
| Participant (employee) contributions | $15,124,169 |
| Other contributions (incl. rollovers in) | $1,976,203 |
| Administrative expenses paid from the plan | $436,207 |
| Contract administrator fees | $4,200 |
| Other admin expenses | $89,059 |
| Benefits paid out | $100,688,279 |
| Net assets, start / end of year | $995.8M / $1.1B |
| Active participants, start / end of year | 1,270 / 982 |
| Participants with account balances | 5,462 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $227,084 reported compensation |
| Morgan Stanley Capital Management, | $83,059 reported compensation |
| Venable LLP | $76,494 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008155201NAL0005785265001, received 2025-10-08, EIN 77-0181864, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.