Pharmacord, LLC 401(k) Review & Grade
Pharmacord, LLC 401(k) Plan
Jeffersonville, INAdministrative, Support & Staffing Services946 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,088Employer $ per active participant
$1,601Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$7.0MNet plan assets, end of year
$13,261Average balance per account
Score breakdown
- Employer generosity32.3 / 5064th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 32th |
| Employee saving | 46th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Pharmacord put in about $1,088 per active participant, more than the typical peer ($712). 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 (0.38% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $1,030,064 |
| Participant (employee) contributions | $1,515,582 |
| Other contributions (incl. rollovers in) | $166,362 |
| Administrative expenses paid from the plan | $21,888 |
| Benefits paid out | $760,551 |
| Net assets, start / end of year | $4.5M / $7.0M |
| Active participants, start / end of year | 991 / 902 |
| Participants with account balances | 531 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Schaefer Hackett |
Largest service providers (Schedule C)
| Alliance Pension Consultants | $21,888 reported compensation |
| Charles Schwab Trust Bank | $2,906 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015091210NAL0002066915001, received 2025-10-15, EIN 81-4387992, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.