Coca-Cola 401(k) match, vesting and fees
What Coca-Cola's 401(k) plan says about matching contributions
The Company matches participant contributions equal to 100% of the first 1% of compensation and 50% of the next 5% of compensation, for a maximum Company match of 3.5% of compensation.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 28 ↗ |
| Match vesting | Participants are immediately vested in their salary deferral contributions and related earnings. Company contributions and related earnings are also immediately vested. | Audit report, p. 28 ↗ |
| Automatic enrollment | Newly hired or rehired employees who do not opt out or elect to contribute a different rate of eligible compensation within a 30-day period are automatically enrolled in the Plan at a contribution rate of 6% of eligible compensation. | Audit report, p. 28 ↗ |
| Independent auditor | Ernst & Young, LLP (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| Coca-Cola: employer contribution per participant | $2,125 | |
| Peer median | $3,733 |
| Coca-Cola: average balance | $185,946 | |
| Peer median | $157,962 |
| Coca-Cola: admin expenses ÷ assets | 0.00% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $3.5B at the end of plan year 2023 to $3.8B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 20,371 | $3.8B | $43.3M | $2,125 | 0.00% | Quoted in the audit report, p. 28 ↗ | Form 5500 ↗ |
| 2023 | 20,725 | $3.5B | $39.3M | $1,898 | 0.06% | Not published | Form 5500 ↗ |
Other Coca-Cola plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
The Coca-Cola Company Pension Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Independent auditor | Ernst & Young, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | Pension (defined benefit) · Active | Form 5500 ↗ |
Common questions
Does Coca-Cola match 401(k) contributions?
The audit report attached to the The Coca-Cola Company 401k Plan's plan year 2024 Form 5500, page 28 says: “The Company matches participant contributions equal to 100% of the first 1% of compensation and 50% of the next 5% of compensation, for a maximum Company match of 3.5% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Coca-Cola 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 28 says: “Participants are immediately vested in their salary deferral contributions and related earnings. Company contributions and related earnings are also immediately vested.”
Who manages the Coca-Cola 401(k)?
The filing names The Coca-Cola Benefits Committee as plan administrator; it does not list a recordkeeper.
I left Coca-Cola. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (The Coca-Cola Benefits Committee, (404) 676-2121). The Coca-Cola old 401(k) page lists the contacts from every plan filing. Find an old Coca-Cola 401(k)
Data from the public Form 5500 annual reports Coca-Cola filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Coca-Cola. Not financial advice. Report a correction · Methodology