Plan Ledger DOL Form 5500 · updated monthly

Xerox Corporation401(k)

XEROX CORPORATION SAVINGS PLAN · NORWALK, CT · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Xerox Corporation reported $3,067,000 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $1,995 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 rose from 0.01% to 0.08%. 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 6th-largest of 1,106 plans among Connecticut employers on file, and the 89th of 13,661 in manufacturing. In 2024, employees put in $3.98 for every $1.00 the employer contributed; active participation has shrunk from 10,291 to 8,279 since 2022.

Plan summary
Net assets, end of year$3,976,943,000
Participants with balances18,748
Active participants8,279
Employer contributions$16,515,000
Employee contributions$65,767,000
Employer contribution per active participant$1,995
Average account balance$212,126
Benefits paid to participants$521,055,000
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.0B · 18,748 accts · $16.5M emplr
2023$3.9B · 20,333 accts · $18.2M emplr
2022$3.6B · 21,152 accts · $18.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,284,913
Investment management$234,781
Audit (IQPA)$279,407
Trustee / custodial$367,231
Total administrative$3,067,000
The Xerox Corporation 401(k) match · 2024
Employer contribution per active participant$1,995
Median for plans this size$5,259
2024$1,995 per active participant
2023$1,841 per active participant
2022$1,789 per active participant

Xerox Corporation'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 · 202410
VOYA INSTITUTIONAL PLAN SERVICES · Recordkeeping$907,800
XEROX CORPORATION · Contract administrator$377,113
STATE STREET BANK & TRUST · Trustee (directed)$367,231
PRICEWATERHOUSECOOPERS LLP · Accounting / audit$279,407
ROCATON INVESTMENT ADVISORS, LLC · Investment advisory (plan)$234,781
AON CONSULTING, INC · Accounting / audit$38,996
EVESTMENT ALLIANCE, LLC · Consulting$20,187
MORGAN, LEWIS & BOCKIUS, LLP · Legal$12,325
COMMITTEE ON INVESTMENT OF EMPLOYEE$8,370
COVINGTON & BURLING · Legal$5,447

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

Recordkeeper by year2
2024Voya
2023Voya

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$3,067,000 · 0.08%
2023$2,810,000 · 0.07%
2022$265,000 · 0.01%
All plans at this employer2
SAVINGS PLAN OF XEROX CORPORATION AND THE XEROGRAPHIC DIV ROCHESTER REGIONAL JOINT BOARD401(k)
XEROX CORPORATION SAVINGS PLAN401(k)
Same employer
Similar plansManufacturing · Connecticut
Rtx Corporation CT$58.6B · 0.02%
Ppg Industries, Inc. PA$4.3B · 0.08%
Gilead Sciences, Inc. CA$4.3B · 0.00%
Ecolab Inc. MN$4.2B · 0.03%
Corning Incorporated NY$4.1B · 0.03%
Kraft Heinz Foods Company PA$3.9B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160468020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.