Johnson and Johnson 401(k) Review & Grade
Johnson and Johnson Retirement Savings Plan
New Brunswick, NJManufacturing4,330 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,817Employer $ per active participant
$5,761Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$540.1MNet plan assets, end of year
$98,662Average balance per account
Score breakdown
- Employer generosity12.2 / 5024th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 35th |
| Employee saving | 46th |
| 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
- Johnson and Johnson put in about $1,817 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.
- Direct plan expenses (0.20% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $7,866,275 |
| Participant (employee) contributions | $24,940,213 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $1,032,112 |
| Investment advisory & management fees | $649,919 |
| Other admin expenses | $20,321 |
| Benefits paid out | $31,121,184 |
| Net assets, start / end of year | $499.5M / $540.1M |
| Active participants, start / end of year | 4,562 / 4,097 |
| Participants with account balances | 5,474 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhouse Coopers LLC |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120808NAL0002263747001, received 2025-10-15, EIN 22-1024240, plan #200, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.