Revance Therapeutics, Inc. 401(k) Review & Grade
Revance Therapeutics, Inc. 401(k) P/S Plan
Nashville, TNProfessional, Scientific & Technical Services566 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,515Employer $ per active participant
$14,748Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$69.1MNet plan assets, end of year
$82,935Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost14.4 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving13.1 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 57th |
| Employee saving | 87th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,195 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Revance Therapeutics put in about $7,515 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.
- 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 | $4,253,719 |
| Participant (employee) contributions | $8,347,119 |
| Other contributions (incl. rollovers in) | $1,744,544 |
| Administrative expenses paid from the plan | $117,066 |
| Investment advisory & management fees | $19,402 |
| Benefits paid out | $13,936,565 |
| Net assets, start / end of year | $60.2M / $69.1M |
| Active participants, start / end of year | 594 / 538 |
| Participants with account balances | 833 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $97,664 reported compensation |
| Strategic Advisors, Inc. | $19,402 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014121328NAL0005858562001, received 2025-10-14, EIN 77-0551645, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.