Zoetis Inc. 401(k) Review & Grade
Zoetis Savings Plan
Parsippany, NJManufacturing6,909 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,508Employer $ per active participant
$10,504Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.9BNet plan assets, end of year
$218,448Average balance per account
Score breakdown
- Employer generosity48.5 / 5097th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score86 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 91th |
| Employee saving | 84th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $12,313 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zoetis put in about $11,508 per active participant, more than the typical peer ($3,452). 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 | $79,508,847 |
| Participant (employee) contributions | $72,571,539 |
| Other contributions (incl. rollovers in) | $8,041,330 |
| Administrative expenses paid from the plan | $525,599 |
| Benefits paid out | $203,604,012 |
| Net assets, start / end of year | $1.8B / $1.9B |
| Active participants, start / end of year | 7,030 / 6,788 |
| Participants with account balances | 8,845 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | KPMG, LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $525,599 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250624150755NAL0007380801001, received 2025-06-24, EIN 46-0696167, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.