2 critical issues
Xylem Inc.
45-2080495· White Plains, NY· Fidelity· 2024 filing· vs 28 plans your size
C
0/100
Overall grade
Middle of the pack, with clear ways to do better.
C
Fees
B
Financial Wellness
A
Plan design
F
Compliance
Fees
Your plan pays around 7 bps of assets per year. Similar plans pay around 10 bps. Your plan is a bit cheaper than most similar plans.
cheaper35th percentilepricier
Financial Wellness
Strong savings. Employees put away $9,627/employee a year. That's more than 81% of similar plans.
lower81th percentilehigher
Plan design
Well-designed. Has the features that matter most.
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
Profit sharing
The employer also makes profit-sharing contributions on top of the match.
Automatic enrollment
New hires are enrolled by default. Plans with auto-enroll see much higher participation.
Safe harbor
Guaranteed employer contributions exempt the plan from annual IRS testing, so owners and higher earners can contribute the full limit.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health
2 critical issues on the latest filing. These need attention.
Required benefit distribution not paid
The plan failed to pay out benefits on time, which can carry penalties owed to the affected employees.
Nonexempt party-in-interest transaction, ERISA prohibited transaction
The plan reported a transaction with a related party, the kind of prohibited-transaction flag the DOL looks at closely.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
Failed to pay benefits
The plan failed to pay out benefits on time, which can carry penalties owed to the affected employees.
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Fidelity
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Key insights
- Strongest area: plan design. Well-designed. Has the features that matter most.
- Best place to improve: compliance & health. 2 critical issues on the latest filing. These need attention.
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