TD Synnex Corporation 401(k) Review & Grade
TD Synnex 401(k) Retirement Plan
Fremont, CAWholesale Trade7,809 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,134Employer $ per active participant
$6,690Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$896.1MNet plan assets, end of year
$90,487Average balance per account
Score breakdown
- Employer generosity20.6 / 5041th percentile for employer $ per participant
- Low cost19.1 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 76th |
| Employee saving | 75th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- TD Synnex put in about $2,134 per active participant, below the typical peer ($2,459). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $16,668,088 |
| Participant (employee) contributions | $52,240,851 |
| Other contributions (incl. rollovers in) | $6,024,471 |
| Administrative expenses paid from the plan | $451,973 |
| Contract administrator fees | $1,500 |
| Other admin expenses | $111,041 |
| Benefits paid out | $76,780,120 |
| Net assets, start / end of year | $766.4M / $896.1M |
| Active participants, start / end of year | 7,762 / 7,856 |
| Participants with account balances | 9,903 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $340,932 reported compensation |
| BKS Retirement Services | $76,000 reported compensation |
| Cbiz Cpas P.C. | $35,041 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013110613NAL0001089185001, received 2025-10-13, EIN 94-2703333, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.