Schneider Electric USA, Inc. 401(k) Review & Grade
Schneider Electric USA, Inc. Coordinated Bargaining Employees' Retirement Savings Plan
Westmont, ILManufacturing1,392 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,297Employer $ per active participant
$3,374Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$72.4MNet plan assets, end of year
$37,655Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost16.7 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 67th |
| Employee saving | 28th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,550 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schneider Electric USA put in about $3,297 per active participant, more than the typical peer ($2,320). 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 | $4,588,773 |
| Participant (employee) contributions | $4,695,954 |
| Other contributions (incl. rollovers in) | $516,398 |
| Administrative expenses paid from the plan | $91,984 |
| Investment advisory & management fees | $38,211 |
| Benefits paid out | $8,824,858 |
| Net assets, start / end of year | $66.0M / $72.4M |
| Active participants, start / end of year | 1,240 / 1,544 |
| Participants with account balances | 1,922 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $53,773 reported compensation |
| Empower Advisory Group, LLC | $37,365 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008110650NAL0002944787001, received 2025-10-08, EIN 36-2440683, plan #303, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.