Kedrion Biopharma, Inc. 401(k) Review & Grade
Kedrion Biopharma, Inc. 401(k) Plan
Fort Lee, NJManufacturing2,400 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,053Employer $ per active participant
$2,022Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$61.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 36th |
| Employee saving | 12th |
| Peers that auto-enroll | 59% |
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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 ($262 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
- Kedrion Biopharma put in about $1,053 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.
- 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 | $2,526,874 |
| Participant (employee) contributions | $4,854,042 |
| Other contributions (incl. rollovers in) | $598,233 |
| Administrative expenses paid from the plan | $160,697 |
| Investment advisory & management fees | $50,848 |
| Benefits paid out | $9,441,744 |
| Net assets, start / end of year | $33.0M / $61.3M |
| Active participants, start / end of year | 2,421 / 2,380 |
| Participants with account balances | 1,130 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $108,544 reported compensation |
| Empower Advisory Group, LLC | $50,848 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009155648NAL0004064963001, received 2025-10-09, EIN 38-3841851, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.