Hologic, Inc. 401(k) Review & Grade
Hologic, Inc. Savings and Investment Plan
Marlborough, MAManufacturing4,190 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,561Employer $ per active participant
$12,935Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$176,620Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score83 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 100th |
| Employee saving | 93th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,353 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hologic put in about $5,561 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 | $23,298,513 |
| Participant (employee) contributions | $54,196,624 |
| Other contributions (incl. rollovers in) | $5,771,533 |
| Administrative expenses paid from the plan | $19,292 |
| Contract administrator fees | $2,100 |
| Other admin expenses | $127,994 |
| Benefits paid out | $114,736,667 |
| Net assets, start / end of year | $1.0B / $1.2B |
| Active participants, start / end of year | 4,201 / 4,179 |
| Participants with account balances | 6,713 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
| Employer stock held by plan | $2,995,051 |
Largest service providers (Schedule C)
| Rocaton Investment Advisors, LLC | $67,459 reported compensation |
| RSM US LLP | $37,800 reported compensation |
| Goldman Sachs Asset Management, LP | $22,735 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006075329NAL0001717155001, received 2025-10-06, EIN 04-2902449, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.