Abbvie Inc. 401(k) Review & Grade
Abbvie Savings Plan
North Chicago, ILManufacturing27,648 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$12,271Employer $ per active participant
$15,462Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$13.4BNet plan assets, end of year
$349,779Average balance per account
Score breakdown
- Employer generosity44.0 / 5088th percentile for employer $ per participant
- Low cost20.2 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 81th |
| Employee saving | 85th |
| Peers that auto-enroll | 69% |
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Red flags from the filing
Corrective distributions: the plan refunded $53,612 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Abbvie put in about $12,271 per active participant, more than the typical peer ($5,480). 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 | $339,273,192 |
| Participant (employee) contributions | $427,493,723 |
| Other contributions (incl. rollovers in) | $90,157,457 |
| Administrative expenses paid from the plan | $4,261,414 |
| Investment advisory & management fees | $4,244,575 |
| Benefits paid out | $929,785,883 |
| Net assets, start / end of year | $11.7B / $13.4B |
| Active participants, start / end of year | 26,790 / 28,506 |
| Participants with account balances | 38,275 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $2,192,850,081 |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $4,244,575 reported compensation |
| Empower Annuity Insurance Company | $16,839 reported compensation |
| Empower Financial Services, Inc. | $14,321 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929110637NAL0010808465001, received 2025-09-29, EIN 32-0375147, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.