Pfizer Pharmaceuticals LLC 401(k) Review & Grade
Pfizer Pharmaceuticals LLC Profit Sharing Employee Savings Plan
Canonsburg, PAManufacturing1,366 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,277Employer $ per active participant
$4,965Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$66.9MNet plan assets, end of year
$57,444Average balance per account
Score breakdown
- Employer generosity42.2 / 5084th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 94th |
| Employee saving | 51th |
| 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 ($236,172 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
- Pfizer Pharmaceuticals put in about $5,277 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 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 | $7,207,905 |
| Participant (employee) contributions | $6,782,527 |
| Other contributions (incl. rollovers in) | $412,325 |
| Administrative expenses paid from the plan | $15,911 |
| Investment advisory & management fees | $2,459 |
| Benefits paid out | $4,789,301 |
| Net assets, start / end of year | $51.1M / $66.9M |
| Active participants, start / end of year | 1,370 / 1,362 |
| Participants with account balances | 1,164 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs |
| Employer stock held by plan | $14,029 |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $13,453 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010103957NAL0007533153001, received 2025-10-10, EIN 66-0577291, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.