Plan Ledger DOL Form 5500 · updated monthly

Trimble Inc.401(k)

TRIMBLE INC. SAVINGS AND RETIREMENT PLAN · SUNNYVALE, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Trimble Inc. reported $695,119 in plan administrative expenses for 2024: 0.07% of average plan assets, above the peer median. Employer contributions averaged $3,051 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 0.08% to 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 124th-largest of 9,483 plans among California employers on file, and the 308th of 13,661 in manufacturing. In 2024, employees put in $3.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,096,932,664
Participants with balances6,886
Active participants4,729
Employer contributions$14,427,499
Employee contributions$56,432,564
Employer contribution per active participant$3,051
Average account balance$159,299
Benefits paid to participants$124,559,306
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.1B · 6,886 accts · $14.4M emplr
2023$980.7M · 7,117 accts · $15.3M emplr
2022$824.4M · 7,260 accts · $15.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$273,526
Investment management$347,073
Audit (IQPA)$32,020
Total administrative$695,119
The Trimble Inc. 401(k) match · 2024
Employer contribution per active participant$3,051
Median for plans this size$5,259
2024$3,051 per active participant
2023$2,726 per active participant
2022$3,114 per active participant

Trimble 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 · 20244
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$347,073
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$295,120
MOSS ADAMS LLP · Accounting / audit$32,020
MERCER INVESTMENTS · Investment advisory (plan)$21,250

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$695,119 · 0.07%
2023$685,422 · 0.08%
2022$706,329 · 0.08%
Same employer
Similar plansManufacturing · California
Teradata Corporation CA$1.2B · 0.02%
Viasat, Inc. CA$1.2B · 0.09%
Intuitive Surgical, Inc. CA$1.0B · 0.07%
Levi Strauss & Co. CA$1.0B · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 942802192 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.