Irobot Corporation 401(k) Review & Grade
Irobot Fund for the Future 401(k) Plan
Bedford, MAProfessional, Scientific & Technical Services549 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,305Employer $ per active participant
$17,131Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$184.5MNet plan assets, end of year
$157,043Average balance per account
Score breakdown
- Employer generosity27.0 / 5054th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 72th |
| Employee saving | 95th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $382 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Irobot put in about $3,305 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 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 | $1,814,370 |
| Participant (employee) contributions | $9,405,012 |
| Other contributions (incl. rollovers in) | $759,270 |
| Administrative expenses paid from the plan | $199,667 |
| Investment advisory & management fees | $70,000 |
| Benefits paid out | $39,248,596 |
| Net assets, start / end of year | $185.2M / $184.5M |
| Active participants, start / end of year | 766 / 332 |
| Participants with account balances | 1,175 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Worthington, Hughes & Hoar, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $112,367 reported compensation |
| Merrill Lynch Pierce Fenner & Smit | $70,000 reported compensation |
| Worthington, Hughes & Hoar, P.C. | $17,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006075040NAL0003125713001, received 2025-10-06, EIN 77-0259335, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.