Cipla USA 401(k) Review & Grade
Cipla USA 401(k) Plan
Warren, NJRetail Trade776 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,611Employer $ per active participant
$5,324Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$44.6MNet plan assets, end of year
$56,823Average balance per account
Score breakdown
- Employer generosity48.3 / 5097th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 68th |
| Employee saving | 85th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($492,372 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Cipla USA put in about $3,611 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,800,476 |
| Participant (employee) contributions | $4,129,092 |
| Other contributions (incl. rollovers in) | $519,653 |
| Administrative expenses paid from the plan | $50,020 |
| Contract administrator fees | $15,513 |
| Investment advisory & management fees | $6,572 |
| Benefits paid out | $3,164,323 |
| Net assets, start / end of year | $35.2M / $44.6M |
| Active participants, start / end of year | 764 / 787 |
| Participants with account balances | 785 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Knav CPA LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $38,536 reported compensation |
| Planned Retirement Consultants & Ad | $15,513 reported compensation |
| Empower Advisory Group, LLC | $6,572 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008104558NAL0002931907002, received 2025-10-08, EIN 99-0381385, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.