Diamond Drugs, Inc. 401(k) Review & Grade
Diamond Drugs, Inc. 401(k) Plan
Indiana, PARetail Trade822 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$835Employer $ per active participant
$3,609Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$47.4MNet plan assets, end of year
$78,922Average balance per account
Score breakdown
- Employer generosity27.1 / 5054th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
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 | 54th |
| Lower admin cost | 98th |
| Employee saving | 60th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $85,913 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Diamond Drugs put in about $835 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.
- 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 | $685,877 |
| Participant (employee) contributions | $2,964,874 |
| Other contributions (incl. rollovers in) | $383,681 |
| Administrative expenses paid from the plan | $4,000 |
| Contract administrator fees | $4,000 |
| Benefits paid out | $1,027,067 |
| Net assets, start / end of year | $40.5M / $47.4M |
| Active participants, start / end of year | 816 / 827 |
| Participants with account balances | 601 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Case Sabatini |
Largest service providers (Schedule C)
| Lincoln Retirement | $86,592 reported compensation |
| M2b Retirement Consulting, LLC | $14,620 reported compensation |
| Anchor 3(16) Fiduciary Services LLC | $13,196 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014185015NAL0004749360001, received 2025-10-14, EIN 25-1378278, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.