Samsung Electronics America, Inc. 401(k) Review & Grade
Samsung 401(k) Plan
Englewood Cliffs, NJManufacturing14,230 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,329Employer $ per active participant
$13,786Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$3.1BNet plan assets, end of year
$169,870Average balance per account
Score breakdown
- Employer generosity30.0 / 5060th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving11.9 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 64th |
| Employee saving | 79th |
| Peers that auto-enroll | 69% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,465,447 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $119,345 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Samsung Electronics America put in about $6,329 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $90,061,652 |
| Participant (employee) contributions | $196,173,413 |
| Other contributions (incl. rollovers in) | $31,874,293 |
| Administrative expenses paid from the plan | $1,766,357 |
| Contract administrator fees | $10,200 |
| Investment advisory & management fees | $1,040,569 |
| Other admin expenses | $124,572 |
| Benefits paid out | $235,744,680 |
| Net assets, start / end of year | $2.6B / $3.1B |
| Active participants, start / end of year | 14,598 / 13,861 |
| Participants with account balances | 18,369 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $1,040,569 reported compensation |
| Fidelity Investments Institutional | $755,991 reported compensation |
| Capfinancial | $105,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015175029NAL0002830579001, received 2025-10-15, EIN 13-2951153, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.