Plan Ledger DOL Form 5500 · updated monthly

Flextronics International USA, Inc.401(k)

FLEX 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Flextronics International USA, Inc. reported $837,990 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $1,733 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.07%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 99th-largest of 5,688 plans among Texas employers on file, and the 288th of 13,661 in manufacturing. In 2024, employees put in $2.63 for every $1.00 the employer contributed; active participation has grown from 7,390 to 10,524 since 2022.

Plan summary
Net assets, end of year$1,176,503,208
Participants with balances9,421
Active participants10,524
Employer contributions$18,240,895
Employee contributions$48,064,485
Employer contribution per active participant$1,733
Average account balance$124,881
Benefits paid to participants$119,052,699
Plan auditUnmodified (clean) audit opinion
AuditorHOLTHOUSE CARLIN VAN TRIGT LLP
Plan history3
Yearassets · accounts · employer contribution
2024$1.2B · 9,421 accts · $18.2M emplr
2023$1.1B · 9,210 accts · $18.9M emplr
2022$956.2M · 9,211 accts · $19.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$356,447
Investment management$402,623
Total administrative$837,990
The Flextronics International USA, Inc. 401(k) match · 2024
Employer contribution per active participant$1,733
Median for plans this size$5,259
2024$1,733 per active participant
2023$2,588 per active participant
2022$2,645 per active participant

Flextronics International USA, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$362,429
FINANCIAL ENGINES · Investment advisory (plan)$247,112
SAGEVIEW ADVISORY GR · Consulting$78,920

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$837,990 · 0.07%
2023$712,016 · 0.07%
2022$802,989 · 0.08%
Same employer
Similar plansManufacturing · Texas
Commercial Metals Company TX$1.5B · 0.06%
Ineos USA, LLC. TX$1.4B · 0.02%
Fmc Technologies, Inc. TX$1.4B · 0.06%
Flowserve Corporation TX$1.2B · 0.02%
Hf Sinclair Corporation TX$1.2B · 0.06%
Hess Corporation TX$1.1B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943061570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.