Sobi, Inc 401(k) Review & Grade
Sobi, Inc 401(k) Retirement Plan
Waltham, MAWholesale Trade508 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,523Employer $ per active participant
$17,142Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$94.8MNet plan assets, end of year
$132,072Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 98th |
| Employee saving | 99th |
| Peers that auto-enroll | 53% |
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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 ($449,467 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $407 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sobi put in about $9,523 per active participant, more than the typical peer ($1,792). 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 | $4,837,769 |
| Participant (employee) contributions | $8,708,367 |
| Other contributions (incl. rollovers in) | $3,107,821 |
| Administrative expenses paid from the plan | $5,964 |
| Contract administrator fees | $5,964 |
| Benefits paid out | $18,694,580 |
| Net assets, start / end of year | $65.6M / $94.8M |
| Active participants, start / end of year | 549 / 467 |
| Participants with account balances | 718 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $19,053 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250612131633NAL0016636081001, received 2025-06-12, EIN 68-0682244, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.