Givaudan Fragrances Corporation 401(k) Review & Grade
Givaudan's 401(k) Retirement Savings Plan
East Hanover, NJManufacturing2,566 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,944Employer $ per active participant
$8,989Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$725.4MNet plan assets, end of year
$211,908Average balance per account
Score breakdown
- Employer generosity42.1 / 5084th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 97th |
| Employee saving | 74th |
| 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
- Givaudan Fragrances put in about $6,944 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 | $17,820,798 |
| Participant (employee) contributions | $23,071,265 |
| Other contributions (incl. rollovers in) | $4,631,045 |
| Administrative expenses paid from the plan | $86,530 |
| Benefits paid out | $78,053,507 |
| Net assets, start / end of year | $639.3M / $725.4M |
| Active participants, start / end of year | 2,463 / 2,670 |
| Participants with account balances | 3,423 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $86,530 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150736NAL0004946577001, received 2025-10-15, EIN 31-1707845, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.