Pharmalogic Holdings Corp. 401(k) Review & Grade
Pharmalogic Holdings Corp 401(k) Plan
Boca Raton, FLManufacturing874 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,223Employer $ per active participant
$4,573Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$42.3MNet plan assets, end of year
$63,902Average balance per account
Score breakdown
- Employer generosity24.1 / 5048th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving6.8 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 56th |
| Employee saving | 45th |
| Peers that auto-enroll | 59% |
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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
- Pharmalogic Holdings put in about $2,223 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,943,623 |
| Participant (employee) contributions | $3,999,305 |
| Other contributions (incl. rollovers in) | $1,101,903 |
| Administrative expenses paid from the plan | $72,538 |
| Benefits paid out | $4,119,260 |
| Net assets, start / end of year | $34.4M / $42.3M |
| Active participants, start / end of year | 787 / 962 |
| Participants with account balances | 662 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Caron & Bletzer |
Largest service providers (Schedule C)
| Sageview Advisory Group | $50,681 reported compensation |
| Adp, Inc. | $14,860 reported compensation |
| Caron & Bletzer | $10,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010120442NAL0008118401001, received 2025-10-10, EIN 20-3958410, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.