Bactolac Pharmaceutical, Inc. 401(k) Review & Grade
Bactolac Pharmaceutical 401(k) Plan
Hauppauge, NYManufacturing932 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$266Employer $ per active participant
$2,323Employee $ saved per active participant
0.62%Direct admin cost, % of plan assets
$13.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.8 / 504th percentile for employer $ per participant
- Low cost4.1 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1515th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 16th |
| Employee saving | 15th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $97,847 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bactolac Pharmaceutical put in about $266 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.
- Direct plan expenses (0.62% 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 | $248,194 |
| Participant (employee) contributions | $2,164,592 |
| Other contributions (incl. rollovers in) | $14,711 |
| Administrative expenses paid from the plan | $76,941 |
| Investment advisory & management fees | $35,284 |
| Benefits paid out | $800,569 |
| Net assets, start / end of year | $10.9M / $13.8M |
| Active participants, start / end of year | 862 / 1,002 |
| Participants with account balances | 433 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Craig Fitzsimmons & Meyer, LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $41,657 reported compensation |
| Axa Advisors, LLC | $35,284 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260408094202NAL0012016371001, received 2026-04-08, EIN 11-3259533, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.