Micron Technology, Inc. 401(k) Review & Grade
Micron Technology Inc. Retirement at Micron (ram) Plan
Boise, IDManufacturing9,238 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,808Employer $ per active participant
$16,573Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$3.7BNet plan assets, end of year
$250,263Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost22.2 / 2589th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 89th |
| Employee saving | 98th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,559 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Micron Technology put in about $7,808 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.
- 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 | $72,128,454 |
| Participant (employee) contributions | $153,103,861 |
| Other contributions (incl. rollovers in) | $28,401,636 |
| Administrative expenses paid from the plan | $1,112,885 |
| Contract administrator fees | $5,100 |
| Investment advisory & management fees | $787,096 |
| Benefits paid out | $227,179,156 |
| Net assets, start / end of year | $3.2B / $3.7B |
| Active participants, start / end of year | 8,598 / 9,878 |
| Participants with account balances | 14,963 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Moss Adams LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $787,097 reported compensation |
| Fidelity Investments Institutional | $376,830 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124531NAL0006295680001, received 2025-10-15, EIN 75-1618004, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.