Pitney Bowes Inc. 401(k) Review & Grade
Pitney Bowes Inc. 401(k) Plan
Stamford, CTManufacturing7,408 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,295Employer $ per active participant
$6,088Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$141,825Average balance per account
Score breakdown
- Employer generosity23.8 / 5048th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 67th |
| Employee saving | 50th |
| 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
- Pitney Bowes put in about $3,295 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.
- 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 | $24,406,085 |
| Participant (employee) contributions | $45,103,582 |
| Other contributions (incl. rollovers in) | $6,039,177 |
| Administrative expenses paid from the plan | $1,243,563 |
| Other admin expenses | $221,444 |
| Benefits paid out | $234,430,051 |
| Net assets, start / end of year | $1.7B / $1.7B |
| Active participants, start / end of year | 8,954 / 5,862 |
| Participants with account balances | 12,248 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Becher, Della Torre, Gitto & Co. |
| Employer stock held by plan | $3,238,899 |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $459,912 reported compensation |
| Nepc, LLC | $143,104 reported compensation |
| Bdg-Cpas | $23,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010084645NAL0017446226001, received 2025-10-10, EIN 06-0495050, plan #006, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.