Cencora, Inc. 401(k) Review & Grade
Cencora Employee Investment Plan
Conshohocken, PAWholesale Trade16,624 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,760Employer $ per active participant
$6,643Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$2.1BNet plan assets, end of year
$96,667Average balance per account
Score breakdown
- Employer generosity36.8 / 5074th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 70th |
| Employee saving | 74th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,705 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cencora put in about $3,760 per active participant, more than the typical peer ($2,420). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $62,504,872 |
| Participant (employee) contributions | $110,438,615 |
| Other contributions (incl. rollovers in) | $13,047,468 |
| Administrative expenses paid from the plan | $1,011,101 |
| Benefits paid out | $218,391,808 |
| Net assets, start / end of year | $1.9B / $2.1B |
| Active participants, start / end of year | 17,175 / 16,073 |
| Participants with account balances | 21,726 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
| Employer stock held by plan | $81,113,550 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $1,011,074 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707113854NAL0003730913001, received 2025-07-07, EIN 23-3079390, plan #010, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.