Octapharma Plasma, Inc. 401(k) Review & Grade
Octapharma Plasma, Inc. 401 K Plan
Charlotte, NCHealth Care & Social Assistance4,882 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,095Employer $ per active participant
$3,025Employee $ saved per active participant
1.14%Direct admin cost, % of plan assets
$106.1MNet plan assets, end of year
$20,259Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost0.9 / 254th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 4th |
| Employee saving | 51th |
| Peers that auto-enroll | 38% |
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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 ($52,168 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
- Octapharma Plasma put in about $2,095 per active participant, more than the typical peer ($800). 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.
- Direct plan expenses (1.14% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $10,225,039 |
| Participant (employee) contributions | $14,768,098 |
| Other contributions (incl. rollovers in) | $2,706,891 |
| Administrative expenses paid from the plan | $1,081,819 |
| Contract administrator fees | $947,487 |
| Investment advisory & management fees | $134,332 |
| Benefits paid out | $16,567,075 |
| Net assets, start / end of year | $83.6M / $106.1M |
| Active participants, start / end of year | 5,375 / 4,388 |
| Participants with account balances | 5,235 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Anderson Smith & Wike PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $653,408 reported compensation |
| Retirement Plan Administrators, LLC | $244,196 reported compensation |
| Marietta Wealth Management LLC | $134,485 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826175206NAL0004586307001, received 2025-08-26, EIN 20-0561852, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.