Motorola Solutions, Inc. 401(k) Review & Grade
Motorola Solutions 401(k) Plan
Chicago, ILManufacturing9,990 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,007Employer $ per active participant
$11,196Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$6.5BNet plan assets, end of year
$292,669Average balance per account
Score breakdown
- Employer generosity35.0 / 5070th percentile for employer $ per participant
- Low cost19.8 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 79th |
| Employee saving | 88th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,106 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Motorola Solutions put in about $5,007 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 | $50,024,000 |
| Participant (employee) contributions | $111,849,000 |
| Other contributions (incl. rollovers in) | $11,062,000 |
| Administrative expenses paid from the plan | $3,031,999 |
| Contract administrator fees | $40,762 |
| Investment advisory & management fees | $2,049,807 |
| Other admin expenses | $71,675 |
| Benefits paid out | $464,632,894 |
| Net assets, start / end of year | $6.0B / $6.5B |
| Active participants, start / end of year | 9,780 / 10,200 |
| Participants with account balances | 22,210 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $1,924,044 reported compensation |
| Northern Trust Company | $944,515 reported compensation |
| Voya Institutional Plan Services | $772,938 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008085808NAL0002875907001, received 2025-10-08, EIN 36-1115800, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.