Johnson and Johnson 401(k) Review & Grade
Johnson and Johnson Savings Plan
New Brunswick, NJManufacturing43,432 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,313Employer $ per active participant
$18,464Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$23.6BNet plan assets, end of year
$324,035Average balance per account
Score breakdown
- Employer generosity29.3 / 5059th percentile for employer $ per participant
- Low cost5.0 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 20th |
| Employee saving | 92th |
| Peers that auto-enroll | 69% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Johnson and Johnson put in about $6,313 per active participant, more than the typical peer ($5,480). 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.
- Direct plan expenses (0.18% of assets) are well above similar-size plans (0.09%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $274,200,961 |
| Participant (employee) contributions | $801,900,544 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $42,158,399 |
| Investment advisory & management fees | $35,164,569 |
| Other admin expenses | $1,097,245 |
| Benefits paid out | $2,207,358,792 |
| Net assets, start / end of year | $22.2B / $23.6B |
| Active participants, start / end of year | 42,583 / 44,280 |
| Participants with account balances | 72,770 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhouse Coopers LLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120755NAL0006024272001, received 2025-10-15, EIN 22-1024240, plan #100, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.