NXP USA, Inc. 401(k) Review & Grade
NXP 401(k) Retirement Plan
Austin, TXManufacturing5,044 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,687Employer $ per active participant
$17,025Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$3.7BNet plan assets, end of year
$434,474Average balance per account
Score breakdown
- Employer generosity43.9 / 5088th percentile for employer $ per participant
- Low cost8.8 / 2535th 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 score74 / 100 · Grade B
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 | 35th |
| Employee saving | 98th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $247,973 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- NXP USA put in about $7,687 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.
- 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 | $38,776,825 |
| Participant (employee) contributions | $85,881,503 |
| Other contributions (incl. rollovers in) | $7,725,539 |
| Administrative expenses paid from the plan | $6,873,175 |
| Investment advisory & management fees | $6,483,262 |
| Other admin expenses | $40,358 |
| Benefits paid out | $344,344,176 |
| Net assets, start / end of year | $3.3B / $3.7B |
| Active participants, start / end of year | 5,310 / 4,779 |
| Participants with account balances | 8,519 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton, LLP |
Largest service providers (Schedule C)
| Eagle Capital Management | $1,719,153 reported compensation |
| Artisan Partners LTD Partnership | $796,054 reported compensation |
| Driehaus Capital Management LLC | $791,641 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006092433NAL0003415745001, received 2025-10-06, EIN 20-0443182, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.