Pharmcare USA 401(k) Review & Grade
Employee Services, Inc. 401(k) Plan
Hydro, OKRetail Trade536 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,043Employer $ per active participant
$3,847Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$23.1MNet plan assets, end of year
$41,763Average balance per account
Score breakdown
- Employer generosity31.4 / 5063th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 39th |
| Employee saving | 63th |
| 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
- Pharmcare USA put in about $1,043 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.
- 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 | $559,740 |
| Participant (employee) contributions | $2,064,081 |
| Other contributions (incl. rollovers in) | $384,584 |
| Administrative expenses paid from the plan | $66,969 |
| Investment advisory & management fees | $50,137 |
| Benefits paid out | $2,448,746 |
| Net assets, start / end of year | $19.9M / $23.1M |
| Active participants, start / end of year | 538 / 535 |
| Participants with account balances | 553 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Finley and Cook |
Largest service providers (Schedule C)
| Edward Jones | $50,137 reported compensation |
| Adp, Inc. | $16,832 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251030144110NAL0002046929001, received 2025-10-30, EIN 73-1602134, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.