Molex, LLC 401(k) Review & Grade
Molex Retirement and Savings Plan
Lisle, ILManufacturing6,400 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,978Employer $ per active participant
$7,812Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$148,337Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost22.8 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 91th |
| Employee saving | 66th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $55,468 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Molex put in about $5,978 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 | $38,257,639 |
| Participant (employee) contributions | $49,992,001 |
| Other contributions (incl. rollovers in) | $10,366,783 |
| Administrative expenses paid from the plan | $333,810 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $255,092 |
| Other admin expenses | $37,798 |
| Benefits paid out | $126,509,898 |
| Net assets, start / end of year | $1.2B / $1.3B |
| Active participants, start / end of year | 6,575 / 6,224 |
| Participants with account balances | 8,786 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $255,093 reported compensation |
| Fidelity Investments Institutional | $23,742 reported compensation |
| Cbiz Cpas P.C. | $22,059 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009114439NAL0006927297001, received 2025-10-09, EIN 36-2369491, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.