Pepsico, Inc. 401(k) Review & Grade
The Pepsico Savings Plan
Purchase, NYManufacturing136,014 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,046Employer $ per active participant
$5,616Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$14.9BNet plan assets, end of year
$93,487Average balance per account
Score breakdown
- Employer generosity12.0 / 5024th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 94th |
| Employee saving | 28th |
| Peers that auto-enroll | 69% |
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
- Pepsico put in about $3,046 per active participant, below the typical peer ($5,480). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $414,346,000 |
| Participant (employee) contributions | $763,844,000 |
| Other contributions (incl. rollovers in) | $68,543,000 |
| Administrative expenses paid from the plan | $2,025,000 |
| Contract administrator fees | $16,000 |
| Benefits paid out | $1,546,579,300 |
| Net assets, start / end of year | $13.7B / $14.9B |
| Active participants, start / end of year | 137,398 / 134,629 |
| Participants with account balances | 159,775 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG LLP |
Largest service providers (Schedule C)
| Fidelity Invts. Instl. Ops. Co LLC | $2,041,296 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250623160632NAL0009391344001, received 2025-06-23, EIN 13-1584302, plan #203, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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