Fresenius Kabi USA, LLC 401(k) Review & Grade
Fresenius Kabi USA, LLC Savings & Ret Plan
Lake Zurich, ILManufacturing4,125 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,325Employer $ per active participant
$9,358Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$559.5MNet plan assets, end of year
$104,977Average balance per account
Score breakdown
- Employer generosity23.9 / 5048th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 71th |
| Employee saving | 76th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,438 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fresenius Kabi USA put in about $3,325 per active participant, below the typical peer ($3,452). 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.
- 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 | $13,714,165 |
| Participant (employee) contributions | $38,602,534 |
| Other contributions (incl. rollovers in) | $6,153,871 |
| Administrative expenses paid from the plan | $335,905 |
| Investment advisory & management fees | $90,000 |
| Other admin expenses | $168 |
| Benefits paid out | $65,592,747 |
| Net assets, start / end of year | $499.5M / $559.5M |
| Active participants, start / end of year | 4,136 / 4,114 |
| Participants with account balances | 5,330 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $205,737 reported compensation |
| Concurrent Investment Advisors LLC | $90,000 reported compensation |
| P&m Holding Group LLP DBA Plante & | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801134627NAL0008357648001, received 2025-08-01, EIN 30-0431740, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.