Taconic Biosciences, Inc. 401(k) Review & Grade
Taconic Biosciences, Inc. 401(k) Profit Sharing Plan & Trust
Rensselaer, NYAgriculture, Forestry, Fishing & Hunting527 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,538Employer $ per active participant
$5,827Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$85.6MNet plan assets, end of year
$113,920Average balance per account
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Agriculture, Forestry, Fishing & Hunting plans with 500–2,499 active participants (118 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 56th |
| Employee saving | 88th |
| Peers that auto-enroll | 36% |
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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
- Taconic Biosciences put in about $2,538 per active participant, more than the typical peer ($774). 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.
- 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 | $1,337,695 |
| Participant (employee) contributions | $3,071,084 |
| Other contributions (incl. rollovers in) | $370,793 |
| Administrative expenses paid from the plan | $153,555 |
| Investment advisory & management fees | $12,500 |
| Benefits paid out | $7,244,153 |
| Net assets, start / end of year | $76.5M / $85.6M |
| Active participants, start / end of year | 552 / 502 |
| Participants with account balances | 751 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | BST & Co. Cpas, LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $124,055 reported compensation |
| BST & Co. Cpas, LLP | $17,000 reported compensation |
| Greenspring Advisors LLC | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008065112NAL0009272400001, received 2025-10-08, EIN 14-1381104, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.