Trimble Inc. 401(k) Review & Grade
Trimble Inc. Savings and Retirement Plan
Sunnyvale, CAProfessional, Scientific & Technical Services5,170 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,790Employer $ per active participant
$10,914Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$159,299Average balance per account
Score breakdown
- Employer generosity23.9 / 5048th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 70th |
| Employee saving | 60th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($713 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $16,244 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Trimble put in about $2,790 per active participant, below the typical peer ($2,951). 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 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 | $14,427,499 |
| Participant (employee) contributions | $56,432,564 |
| Other contributions (incl. rollovers in) | $5,450,180 |
| Administrative expenses paid from the plan | $695,119 |
| Contract administrator fees | $3,000 |
| Investment advisory & management fees | $347,073 |
| Other admin expenses | $42,500 |
| Benefits paid out | $124,559,306 |
| Net assets, start / end of year | $980.7M / $1.1B |
| Active participants, start / end of year | 5,612 / 4,729 |
| Participants with account balances | 6,886 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $29,696,304 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $347,073 reported compensation |
| Fidelity Investments Institutional | $295,120 reported compensation |
| Moss Adams LLP | $32,020 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010165023NAL0004420819001, received 2025-10-10, EIN 94-2802192, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.