Altasciences USA LLC 401(k) Review & Grade
Altasciences USA LLC 401(k) Plan
Everett, WAProfessional, Scientific & Technical Services1,211 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,564Employer $ per active participant
$4,755Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$48.5MNet plan assets, end of year
$47,680Average balance per account
Score breakdown
- Employer generosity13.7 / 5027th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 22th |
| Employee saving | 24th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $242,590 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Altasciences USA put in about $1,564 per active participant, below the typical peer ($3,082). 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.
- Direct plan expenses (0.52% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,894,115 |
| Participant (employee) contributions | $5,758,562 |
| Other contributions (incl. rollovers in) | $954,935 |
| Administrative expenses paid from the plan | $229,679 |
| Investment advisory & management fees | $162,745 |
| Benefits paid out | $4,429,989 |
| Net assets, start / end of year | $39.6M / $48.5M |
| Active participants, start / end of year | 1,235 / 1,187 |
| Participants with account balances | 1,017 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Mercer Investments, LLC | $151,323 reported compensation |
| Empower Annuity Insurance Company O | $66,934 reported compensation |
| Empower Advisory Group, LLC | $11,422 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730185421NAL0002153203001, received 2025-07-30, EIN 82-1697220, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.