Embecta Corp 401(k) Review & Grade
Embecta 401(k) Plan
Parsipanny, NJManufacturing896 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,526Employer $ per active participant
$12,009Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$163.0MNet plan assets, end of year
$168,234Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving14.1 / 1594th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 65th |
| Employee saving | 94th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $76,514 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Embecta put in about $10,526 per active participant, more than the typical peer ($2,320). 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 | $9,430,871 |
| Participant (employee) contributions | $10,759,833 |
| Other contributions (incl. rollovers in) | $2,419,223 |
| Administrative expenses paid from the plan | $209,899 |
| Investment advisory & management fees | $16,126 |
| Other admin expenses | $3,000 |
| Benefits paid out | $15,339,215 |
| Net assets, start / end of year | $135.3M / $163.0M |
| Active participants, start / end of year | 938 / 854 |
| Participants with account balances | 969 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $99,288 reported compensation |
| Ernst & Young U.S. LLP | $60,000 reported compensation |
| Holland & Knight | $19,240 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015112657NAL0008968930001, received 2025-10-15, EIN 87-1583942, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.