Kbi Biopharma, Inc. 401(k) Review & Grade
Kbi Biopharma 401(k) Retirement Plan
Durham, NCProfessional, Scientific & Technical Services1,466 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,448Employer $ per active participant
$8,821Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$112.2MNet plan assets, end of year
$63,399Average balance per account
Score breakdown
- Employer generosity34.5 / 5069th percentile for employer $ per participant
- Low cost13.6 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 54th |
| Employee saving | 48th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,877 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kbi Biopharma put in about $4,448 per active participant, more than the typical peer ($3,082). 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.
- 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 | $6,520,628 |
| Participant (employee) contributions | $12,931,959 |
| Other contributions (incl. rollovers in) | $3,049,239 |
| Administrative expenses paid from the plan | $202,925 |
| Benefits paid out | $13,896,152 |
| Net assets, start / end of year | $90.9M / $112.2M |
| Active participants, start / end of year | 1,534 / 1,398 |
| Participants with account balances | 1,770 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bernard Robinson & Co LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $202,924 reported compensation |
| Charles Schwab Investment Mgmt Inc. | $101 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251024134040NAL0002303745001, received 2025-10-24, EIN 80-0058312, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.