Lenovo (united States) Inc. 401(k) Review & Grade
Lenovo Savings Plan
Morrisville, NCManufacturing4,978 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,039Employer $ per active participant
$17,732Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.6BNet plan assets, end of year
$283,997Average balance per account
Score breakdown
- Employer generosity47.3 / 5095th percentile for employer $ per participant
- Low cost21.4 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score93 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 86th |
| Employee saving | 98th |
| 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
- Lenovo (united States) put in about $10,039 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 | $49,975,069 |
| Participant (employee) contributions | $88,270,108 |
| Other contributions (incl. rollovers in) | $10,457,314 |
| Administrative expenses paid from the plan | $932,221 |
| Investment advisory & management fees | $572,211 |
| Benefits paid out | $206,088,601 |
| Net assets, start / end of year | $2.3B / $2.6B |
| Active participants, start / end of year | 4,711 / 5,245 |
| Participants with account balances | 9,173 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pbmares, LLP |
Largest service providers (Schedule C)
| Edelman Financial Engines | $572,211 reported compensation |
| Fidelity Investments | $68,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929153431NAL0014052032001, received 2025-09-29, EIN 52-2449153, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.