Cencora, Inc. 401(k): Fidelity, match 4% max
Cencora Employee Investment Plan · COR · CIK 1140859
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
4%
Cencora, Inc. matches 100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay, for a maximum employer match of 4% of pay.
From the Form 11-K filed June 18, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Cencora puts in, and what the plan costs
What Cencora put into the plan, per active participant
$3,889
Cencora, Inc. put $3,889 into this plan for each of its 16,073 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Cencora put in more per active participant than 72% of plans with 5,000+ participants in wholesale trade. The middle plan in that group of 100 reported $2,549. Wholesale trade comes from business code 424210, which Cencora entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Cencora pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 233079390, plan 010 · DOL EFAST2 ↗
The $3,889 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Cencora, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,980 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Cencora puts in
$1,980
a year, at a $49,500 salary.
The match paragraph, word for word
“The Company contributes to the Plan for each participating employee an amount equal to 100% of the participant’s contributions up to 3% and 50% on the next 2% of the participant’s eligible contributions.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants immediately vest in their own contributions and actual earnings or losses thereon. In addition, participants are immediately vested in their Company matching contributions and actual earnings or losses thereon, except for certain participants merged into the Plan whose former matching contributions continue to vest according to the predecessor plan’s vesting provisions.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
33rd percentile
$39.15 per participant in plan-paid administrative cost, cheaper than 67% of plans with 5,000+ participants.
What is Cencora's 401(k) match formula?
Cencora's 401(k) employer match tops out at 4% of pay. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 100% (dollar-for-dollar) of the first 3% of pay |
|---|---|
| then | 50% of the next 2% of pay |
| Maximum employer match | 4% of compensation |
| Other employer contribution | Discretionary annual contribution at the discretion of the Company; requires employment on the last day of the Plan year except for retirement, disability, or death; $11,685,335 approved for the 2025 Plan year |
At a $90,000 salary, contributing 5% ($4,500) earns the full employer match of $3,600 for the year.
What the filing says, word for word
“The Company contributes to the Plan for each participating employee an amount equal to 100% of the participant’s contributions up to 3% and 50% on the next 2% of the participant’s eligible contributions.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Cencora's 401(k) vesting schedule?
Cencora vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Company discretionary contributions vest on a graded schedule: 0% under 2 years of service, 25% at 2 years, 50% at 3 years, 75% at 4 years, 100% at 5 or more years; certain participants merged into the Plan continue to vest under predecessor plan provisions |
Vesting, word for word
“Participants immediately vest in their own contributions and actual earnings or losses thereon. In addition, participants are immediately vested in their Company matching contributions and actual earnings or losses thereon, except for certain participants merged into the Plan whose former matching contributions continue to vest according to the predecessor plan’s vesting provisions.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who can join Cencora's 401(k), and is enrollment automatic?
Cencora enrolls new hires automatically at 5% of pay, rising 1% a year to 10% of pay.
| Plan entry | Eligible employees of Cencora, Inc. and affiliated companies who have at least 30 days of continuous employment |
|---|---|
| Automatic enrollment | Yes: default deferral 5% of pay; auto-escalation +1%/yr to 10%; default investment: Fidelity Freedom Blend Commingled Pool Class T retirement date fund based on anticipated retirement date |
Eligibility, word for word
“The Plan is a defined contribution plan that covers eligible employees of Cencora, Inc. and affiliated companies (collectively, the "Company" or "Employer"), who have at least 30 days of continuous employment.”
Automatic enrollment, word for word
“If automatically enrolled, a participant’s deferral is set at a 5% pretax contribution rate of eligible compensation until changed by the participant. The automatic deferral percentage increases by 1% each year on the anniversary date of the participant’s automatic enrollment date but will not exceed 10% of compensation.”
Source: Form 11-K filed June 18, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the Cencora plan report on Form 5500?
The Cencora plan reported $2.1B in assets and 25,829 participants for plan year 2024.
| Total plan assets | $2,100,197,800 |
|---|---|
| Participants | 25,829 |
| Plan-paid admin cost per participant | $39.15 |
How that cost compares
This plan pays $39.15 per participant. The median across plans in wholesale trade is $149.72, from the 3,304 of 3,490 whose Form 5500 yields a per-participant cost.
Cencora Employee Investment Plan on its Form 5500 filing: fees, providers and financials
How does Cencora's 401(k) match compare?
Cencora, Inc.'s maximum 401(k) match of 4% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in wholesale trade, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also in wholesale trade.
Maximum match 4% of pay. Also in wholesale trade.
Maximum match 3.5% of pay. Also in wholesale trade.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 6% of pay. Vests immediately too, like Cencora.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 18, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Cencora, Inc.'s 401(k) match?
Cencora, Inc. matches 100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay, for a maximum employer match of 4% of compensation (plan year ended December 31, 2025).
When does the Cencora, Inc. 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does Cencora, Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 5% of pay; auto-escalation +1%/yr to 10%; default investment: Fidelity Freedom Blend Commingled Pool Class T retirement date fund based on anticipated retirement date.
Who is the recordkeeper for Cencora, Inc.'s 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Cencora Employee Investment Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Cencora, Inc. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Cencora, Inc. |
| SEC CIK | 1140859 |
| Accession number | 0001140859-26-000026 |
| Plan | Cencora Employee Investment Plan |
| Period of report | December 31, 2025 |
| Filed | June 18, 2026 |
401(k) Monitor is not affiliated with Cencora, Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Cencora, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001140859-26-000026, plan year ended December 31, 2025.
