Keysight Technologies, Inc. 401(k) Review & Grade
Keysight Technologies, Inc. 401(k) Plan
Santa Rosa, CAManufacturing5,186 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,307Employer $ per active participant
$15,320Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$2.6BNet plan assets, end of year
$351,509Average balance per account
Score breakdown
- Employer generosity39.6 / 5079th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving14.4 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 57th |
| Employee saving | 96th |
| Peers that auto-enroll | 70% |
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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 ($4,160,976 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $6,261 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Keysight Technologies put in about $6,307 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.
- 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 | $32,706,563 |
| Participant (employee) contributions | $79,439,380 |
| Other contributions (incl. rollovers in) | $13,401,318 |
| Administrative expenses paid from the plan | $2,512,039 |
| Contract administrator fees | $6,000 |
| Investment advisory & management fees | $1,966,634 |
| Other admin expenses | $168,730 |
| Benefits paid out | $283,281,114 |
| Net assets, start / end of year | $2.4B / $2.6B |
| Active participants, start / end of year | 5,455 / 4,916 |
| Participants with account balances | 7,443 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Financial Engines | $712,538 reported compensation |
| Fidelity Investments Institutional | $312,692 reported compensation |
| Mercer Investments LLC | $93,750 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003140223NAL0000894435001, received 2025-10-03, EIN 46-4254555, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.