Switch, LTD. 401(k) Review & Grade
Switch, LTD. 401(k) Plan
Las Vegas, NVInformation952 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,121Employer $ per active participant
$6,049Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$65.0MNet plan assets, end of year
$56,509Average balance per account
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 87th |
| Employee saving | 30th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
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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
- Switch put in about $3,121 per active participant, more than the typical peer ($2,829). 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 | $2,969,302 |
| Participant (employee) contributions | $5,755,322 |
| Other contributions (incl. rollovers in) | $1,349,542 |
| Administrative expenses paid from the plan | $30,486 |
| Benefits paid out | $5,688,011 |
| Net assets, start / end of year | $53.2M / $65.0M |
| Active participants, start / end of year | 903 / 1,000 |
| Participants with account balances | 1,151 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $30,486 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929144636NAL0012320720001, received 2025-09-29, EIN 51-0500225, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.