Sysmex America Inc 401(k) Review & Grade
Sysmex America, Inc. Profit Sharing and 401(k) Plan
Lincolnshire, ILManufacturing1,307 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,946Employer $ per active participant
$12,038Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$335.8MNet plan assets, end of year
$212,644Average balance per account
Score breakdown
- Employer generosity48.1 / 5096th percentile for employer $ per participant
- Low cost18.1 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score90 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 72th |
| Employee saving | 94th |
| Peers that auto-enroll | 59% |
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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
- Sysmex America put in about $9,946 per active participant, more than the typical peer ($2,320). 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 | $12,999,191 |
| Participant (employee) contributions | $15,733,531 |
| Other contributions (incl. rollovers in) | $1,688,050 |
| Administrative expenses paid from the plan | $332,447 |
| Contract administrator fees | $332,447 |
| Benefits paid out | $17,574,560 |
| Net assets, start / end of year | $283.6M / $335.8M |
| Active participants, start / end of year | 1,297 / 1,317 |
| Participants with account balances | 1,579 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $333,658 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $48,000 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923151449NAL0006518849001, received 2025-09-23, EIN 36-4139882, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.