Renesas Electronics America Inc. 401(k) Review & Grade
Renesas Electronics America Inc. 401(k) Plan
San Jose, CAWholesale Trade2,234 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,209Employer $ per active participant
$19,213Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$315,114Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score95 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 98th |
| Employee saving | 100th |
| Peers that auto-enroll | 53% |
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 $7,692 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Renesas Electronics America put in about $8,209 per active participant, more than the typical peer ($1,792). 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 | $18,339,052 |
| Participant (employee) contributions | $42,920,973 |
| Other contributions (incl. rollovers in) | $13,048,280 |
| Administrative expenses paid from the plan | $117,861 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $102,006 |
| Benefits paid out | $127,230,014 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 2,150 / 2,318 |
| Participants with account balances | 4,306 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Sageview Group LLC | $102,006 reported compensation |
| Moss Adams, LLP | $33,075 reported compensation |
| Silicon Valley Accountancy Corpora | $31,898 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718114319NAL0001698465001, received 2025-07-18, EIN 94-2669985, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.