Bond Pharmacy, Inc. 401(k) Review & Grade
Ais 401(k) Plan
Ridgeland, MSRetail Trade691 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,609Employer $ per active participant
$4,589Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$33.1MNet plan assets, end of year
$33,345Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost3.7 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 15th |
| Employee saving | 76th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Bond Pharmacy put in about $2,609 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.66% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,802,818 |
| Participant (employee) contributions | $3,171,145 |
| Other contributions (incl. rollovers in) | $148,465 |
| Administrative expenses paid from the plan | $194,779 |
| Contract administrator fees | $194,779 |
| Benefits paid out | $2,181,857 |
| Net assets, start / end of year | $26.3M / $33.1M |
| Active participants, start / end of year | 695 / 687 |
| Participants with account balances | 993 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $113,601 reported compensation |
| Raymond James & Associates .00 Inc | $89,654 reported compensation |
| Stevens Dowd & Company | $5,800 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008100258NAL0005672129001, received 2025-10-08, EIN 64-0913966, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.