Infinera Corporation 401(k) Review & Grade
Infinera 401(k) Plan
San Jose, CAManufacturing1,254 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,365Employer $ per active participant
$17,860Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$359.9MNet plan assets, end of year
$207,697Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th 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 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 84th |
| Employee saving | 99th |
| Peers that auto-enroll | 59% |
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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 $3,069 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Infinera put in about $2,365 per active participant, more than the typical peer ($2,320). 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 | $2,966,000 |
| Participant (employee) contributions | $22,396,850 |
| Other contributions (incl. rollovers in) | $1,339,151 |
| Administrative expenses paid from the plan | $213,656 |
| Investment advisory & management fees | $128,799 |
| Benefits paid out | $41,550,417 |
| Net assets, start / end of year | $324.3M / $359.9M |
| Active participants, start / end of year | 1,273 / 1,235 |
| Participants with account balances | 1,733 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Sageview Advisory Group LLC | $99,742 reported compensation |
| Fidelity Investments Institutional | $85,291 reported compensation |
| Strategic Advisors, Inc. | $29,057 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818161439NAL0001372769001, received 2025-08-18, EIN 77-0560433, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.