Zimmer Biomet Holdings, Inc. 401(k) Review & Grade
Zimmer Biomet Holdings, Inc. Savings and Investment 401(k) Program
Warsaw, INManufacturing7,492 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,698Employer $ per active participant
$8,322Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.5BNet plan assets, end of year
$149,802Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 68th |
| Employee saving | 70th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $58,652 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zimmer Biomet Holdings put in about $4,698 per active participant, more than the typical peer ($3,452). 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 | $35,198,567 |
| Participant (employee) contributions | $62,356,322 |
| Other contributions (incl. rollovers in) | $5,533,593 |
| Administrative expenses paid from the plan | $1,006,120 |
| Contract administrator fees | $5,400 |
| Investment advisory & management fees | $634,059 |
| Benefits paid out | $158,027,589 |
| Net assets, start / end of year | $1.3B / $1.5B |
| Active participants, start / end of year | 7,882 / 7,103 |
| Participants with account balances | 9,881 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kruggel Lawton & Company, LLC |
Largest service providers (Schedule C)
| Financial Engines | $634,059 reported compensation |
| Fidelity Investments Institutional | $374,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250804074757NAL0000998736001, received 2025-08-04, EIN 13-4151777, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.