Procept Biorobotics Corporation 401(k) Review & Grade
Procept Biorobotics Corporation 401(k) Plan
San Jose, CAProfessional, Scientific & Technical Services672 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,358Employer $ per active participant
$12,189Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$38.9MNet plan assets, end of year
$57,729Average balance per account
Score breakdown
- Employer generosity27.7 / 5055th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 37th |
| Employee saving | 75th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $12,079 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Procept Biorobotics put in about $3,358 per active participant, more than the typical peer ($3,082). 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.
- 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 | $2,258,357 |
| Participant (employee) contributions | $8,196,979 |
| Other contributions (incl. rollovers in) | $3,326,167 |
| Administrative expenses paid from the plan | $103,822 |
| Investment advisory & management fees | $18,469 |
| Benefits paid out | $1,814,580 |
| Net assets, start / end of year | $23.1M / $38.9M |
| Active participants, start / end of year | 609 / 736 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Green Hasson Janks, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,353 reported compensation |
| Strategic Advisors, Inc. | $18,469 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003152653NAL0002532016001, received 2025-10-03, EIN 26-0199180, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.