Sysco Corporation 401(k) Review & Grade
Sysco Corporation Employees' 401(k) Plan
Houston, TXWholesale Trade44,494 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,189Employer $ per active participant
$5,563Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$5.2BNet plan assets, end of year
$93,843Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 69th |
| Employee saving | 50th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($88,442,248 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $5,464 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sysco put in about $4,189 per active participant, more than the typical peer ($2,420). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $186,363,674 |
| Participant (employee) contributions | $247,498,724 |
| Other contributions (incl. rollovers in) | $99,444,896 |
| Administrative expenses paid from the plan | $2,651,405 |
| Contract administrator fees | $18,900 |
| Investment advisory & management fees | $640,579 |
| Other admin expenses | $225,523 |
| Benefits paid out | $620,109,836 |
| Net assets, start / end of year | $4.6B / $5.2B |
| Active participants, start / end of year | 44,285 / 44,702 |
| Participants with account balances | 55,942 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Melton & Melton, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $2,281,954 reported compensation |
| Strategic Advisors, Inc. | $310,941 reported compensation |
| Melton & Melton LLP | $28,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014135322NAL0004142848001, received 2025-10-14, EIN 74-1648137, plan #015, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.