Mylan Inc. 401(k) Review & Grade
Mylan Profit Sharing 401(k) Plan
Canonsburg, PAManufacturing2,535 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$14,392Employer $ per active participant
$11,414Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$244,277Average balance per account
Score breakdown
- Employer generosity49.5 / 5099th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 99th |
| Employee saving | 88th |
| Peers that auto-enroll | 70% |
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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 ($634,318 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
- Mylan put in about $14,392 per active participant, more than the typical peer ($3,452). 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.
- 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 | $36,483,244 |
| Participant (employee) contributions | $28,935,594 |
| Other contributions (incl. rollovers in) | $2,497,948 |
| Administrative expenses paid from the plan | $44,330 |
| Benefits paid out | $103,900,887 |
| Net assets, start / end of year | $1.1B / $1.2B |
| Active participants, start / end of year | 2,542 / 2,528 |
| Participants with account balances | 4,791 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Schneider Downs |
| Employer stock held by plan | $2,550,577 |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $44,337 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010103027NAL0007952993001, received 2025-10-10, EIN 25-1211621, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.