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Grade My 401(k)
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2 critical issues

Otsuka America Pharmaceutical Inc.

52-1630683· Princeton, NJ· Fidelity· 2024 filing· vs 526 plans your size in your industry
C
0/100
Overall grade

Middle of the pack, with clear ways to do better.

A
Fees
A
Financial Wellness
D
Plan design
F
Compliance
Fees

Your plan pays around 1 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 95% of similar plans.

A
cheaper5th percentilepricier
Financial Wellness

Strong savings. Employees put away $18,115/employee a year. That's more than 94% of similar plans.

A
lower94th percentilehigher
Plan design

Good base, but no automatic enrollment. That's the top thing to add.

D
Employer match
The plan matches employee contributions, the single strongest driver of participation and savings.
No automatic enrollment
Employees have to opt in themselves. Auto-enrollment is the easiest way to lift participation, and most newly started plans are now required to include it.
Not safe harbor
The plan has to pass annual IRS nondiscrimination testing, which can cap what owners and higher earners are allowed to contribute.
Default investment (QDIA)
Employees who never pick investments land in a sensible default, usually a target-date fund, instead of cash.
Brokerage window
Employees can invest beyond the core fund menu through a self-directed brokerage account.
Compliance & health

2 critical issues on the latest filing. These need attention.

F
Failed IRS fairness test
The plan failed its annual IRS fairness test and had to refund contributions to higher-paid employees. A safe harbor design eliminates this problem entirely.
Late employee deposits
Employee 401(k) deposits didn't reach the plan on time. The DOL treats this as a prohibited transaction, and it's one of the most common audit triggers. It needs a formal correction, not just a late deposit.
Fidelity bond below 10% of BOY assets, ERISA 412 violation
The reported ERISA fidelity bond is below the 10%-of-assets guideline based on beginning-of-year assets. Fast-growing plans can look under-bonded on paper; confirm against the plan's current bond coverage.
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Key insights

  • Strongest area: fees. Your plan pays around 1 bps of assets per year. Similar plans pay around 10 bps. Your plan is cheaper than about 95% of similar plans.
  • Best place to improve: compliance & health. 2 critical issues on the latest filing. These need attention.
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