Schneider Electric Holdings, Inc. 401(k) Review & Grade
Schneider Electric 401(k) Plan
Westmont, ILManufacturing19,594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,224Employer $ per active participant
$9,759Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$5.1BNet plan assets, end of year
$174,449Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 70th |
| Employee saving | 57th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,471 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schneider Electric Holdings put in about $6,224 per active participant, more than the typical peer ($5,480). 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 | $121,949,781 |
| Participant (employee) contributions | $191,209,570 |
| Other contributions (incl. rollovers in) | $60,081,725 |
| Administrative expenses paid from the plan | $2,546,573 |
| Investment advisory & management fees | $1,916,187 |
| Other admin expenses | $900 |
| Benefits paid out | $439,046,463 |
| Net assets, start / end of year | $4.6B / $5.1B |
| Active participants, start / end of year | 18,591 / 20,597 |
| Participants with account balances | 29,031 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $1,813,916 reported compensation |
| Empower Annuity Insurance Company | $629,486 reported compensation |
| Aon Investments USA Inc | $102,271 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008112404NAL0005472193001, received 2025-10-08, EIN 36-4141566, plan #301, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.