Bio-Techne Corporation 401(k) Review & Grade
Bio-Techne Corporation and Affiliates Profit Sharing and Savings Plan
Minneapolis, MNManufacturing2,221 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,860Employer $ per active participant
$9,789Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$377.7MNet plan assets, end of year
$147,127Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 77th |
| Employee saving | 89th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($472,948 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Bio-Techne put in about $2,860 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $6,351,310 |
| Participant (employee) contributions | $21,740,477 |
| Other contributions (incl. rollovers in) | $1,793,352 |
| Administrative expenses paid from the plan | $326,198 |
| Investment advisory & management fees | $25,000 |
| Benefits paid out | $37,618,610 |
| Net assets, start / end of year | $354.1M / $377.7M |
| Active participants, start / end of year | 2,249 / 2,193 |
| Participants with account balances | 2,567 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
| Employer stock held by plan | $25,740,075 |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $301,198 reported compensation |
| Oneamerica Inv Advisory Services LL | $25,000 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260415070126NAL0011623651001, received 2026-04-15, EIN 41-1427402, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.