Pfizer Inc 401(k) Review & Grade
Pfizer Savings Plan
New York, NYManufacturing31,389 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$17,596Employer $ per active participant
$18,913Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$22.0BNet plan assets, end of year
$385,330Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost18.6 / 2575th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score82 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 75th |
| Employee saving | 95th |
| Peers that auto-enroll | 69% |
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
- Pfizer put in about $17,596 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 | $552,327,166 |
| Participant (employee) contributions | $593,649,452 |
| Other contributions (incl. rollovers in) | $101,919,815 |
| Administrative expenses paid from the plan | $9,419,816 |
| Investment advisory & management fees | $3,349,422 |
| Other admin expenses | $4,102,648 |
| Benefits paid out | $2,329,127,583 |
| Net assets, start / end of year | $19.5B / $22.0B |
| Active participants, start / end of year | 33,309 / 29,469 |
| Participants with account balances | 57,024 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG LLP |
| Employer stock held by plan | $1,058,777,838 |
Largest service providers (Schedule C)
| Alliance Bernstein | $3,475,117 reported compensation |
| Fid Inv Inst Ops Co | $2,791,880 reported compensation |
| Wellington Trust Company | $1,701,890 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002084241NAL0000160195001, received 2025-10-02, EIN 13-5315170, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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