Plan Ledger DOL Form 5500 · updated monthly

Formfactor, Inc.401(k)

FORMFACTOR, INC. 401(K) PLAN · LIVERMORE, CA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Formfactor, Inc. reported $320,335 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $1,584 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 2 years on file its reported administrative ratio fell from 0.14% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 433rd-largest of 9,483 plans among California employers on file, and the 910th of 13,661 in manufacturing. In 2024, employees put in $5.87 for every $1.00 the employer contributed; active participation has grown from 1,439 to 1,648 since 2022.

Plan summary
Net assets, end of year$276,777,780
Participants with balances1,993
Active participants1,648
Employer contributions$2,610,033
Employee contributions$15,320,811
Employer contribution per active participant$1,584
Average account balance$138,875
Benefits paid to participants$18,393,622
Plan auditUnmodified (clean) audit opinion
AuditorPKF SAN DIEGO, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$276.8M · 1,993 accts · $2.6M emplr
2023$241.7M · 1,855 accts · $2.3M emplr
2022$201.7M · 1,877 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$158,875
Investment management$1,139
Audit (IQPA)$11,025
Total administrative$320,335
The Formfactor, Inc. 401(k) match · 2024
Employer contribution per active participant$1,584
Median for plans this size$4,294
2024$1,584 per active participant
2023$1,567 per active participant
2022$1,766 per active participant

Formfactor, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20244
T ROWE PRICE RPS INC · Recordkeeping · Trustee$158,875
SAGEVIEW ADVISORY GROUP LLC · Consulting$57,447
PKF · Accounting / audit$11,025
CHARLES SCHWAB & CO., INC. · Securities brokerage$233

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$320,335 · 0.12%
2023$312,576 · 0.14%
2022$322,618 · 0.14%
Same employer
Similar plansManufacturing · California
Carl Zeiss Meditec Inc. CA$290.7M · 0.02%
Anritsu Company CA$288.7M · 0.06%
Cohu, Inc. CA$274.3M · 0.00%
Niagara Bottling, LLC CA$272.3M · 0.10%
Plantronics, Inc. CA$272.1M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 133711155 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.