Lundbeck LLC 401(k) Review & Grade
Lundbeck LLC 401(k) Plan
Deerfield, ILManufacturing976 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$15,279Employer $ per active participant
$17,575Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$281.7MNet plan assets, end of year
$176,855Average balance per account
Score breakdown
- Employer generosity49.7 / 5099th percentile for employer $ per participant
- Low cost17.6 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score89 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 71th |
| Employee saving | 99th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $5,782 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lundbeck put in about $15,279 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 | $14,912,061 |
| Participant (employee) contributions | $17,153,279 |
| Other contributions (incl. rollovers in) | $5,935,196 |
| Administrative expenses paid from the plan | $304,049 |
| Other admin expenses | $304,049 |
| Benefits paid out | $35,843,114 |
| Net assets, start / end of year | $247.6M / $281.7M |
| Active participants, start / end of year | 948 / 1,004 |
| Participants with account balances | 1,593 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Cooper and Company,ltd |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $193,037 reported compensation |
| Alera Investment Advisor LLC | $81,250 reported compensation |
| Vanguard Advisers Inc. | $31,414 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729132718NAL0003937520001, received 2025-07-29, EIN 36-4408953, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.