Xerox Corporation 401(k) Review & Grade
Xerox Corporation Savings Plan
Norwalk, CTManufacturing9,078 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,819Employer $ per active participant
$7,245Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$4.0BNet plan assets, end of year
$212,126Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost16.4 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 65th |
| Employee saving | 62th |
| Peers that auto-enroll | 70% |
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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
- Xerox put in about $1,819 per active participant, below the typical peer ($3,452). 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.
- 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 | $16,515,000 |
| Participant (employee) contributions | $65,767,000 |
| Other contributions (incl. rollovers in) | $7,130,000 |
| Administrative expenses paid from the plan | $3,067,000 |
| Contract administrator fees | $377,113 |
| Investment advisory & management fees | $234,781 |
| Other admin expenses | $872,339 |
| Benefits paid out | $521,055,000 |
| Net assets, start / end of year | $3.9B / $4.0B |
| Active participants, start / end of year | 9,876 / 8,279 |
| Participants with account balances | 18,748 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricewaterhousecoopers LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $907,800 reported compensation |
| Xerox Corporation | $377,113 reported compensation |
| State Street Bank & Trust | $367,231 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015170746NAL0010779746001, received 2025-10-15, EIN 16-0468020, plan #334, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.