Signify North America Corporation 401(k) Review & Grade
Signify North America Corporation 401(k) Plan
Bridgewater, NJManufacturing2,556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,293Employer $ per active participant
$10,026Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.0BNet plan assets, end of year
$237,400Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving12.1 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 87th |
| Employee saving | 81th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,738 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Signify North America put in about $7,293 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 | $18,640,181 |
| Participant (employee) contributions | $25,626,969 |
| Other contributions (incl. rollovers in) | $9,442,487 |
| Administrative expenses paid from the plan | $355,659 |
| Investment advisory & management fees | $108,746 |
| Benefits paid out | $111,591,012 |
| Net assets, start / end of year | $940.6M / $1.0B |
| Active participants, start / end of year | 2,729 / 2,383 |
| Participants with account balances | 4,288 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $211,228 reported compensation |
| Mercer Investments | $108,746 reported compensation |
| Eisner Amper | $44,310 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260222105744NAL0000156368001, received 2026-02-22, EIN 04-3391805, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.