Bioagilytix Labs, LLC 401(k) Review & Grade
Bioagilytix 401(k) Profit Sharing Plan
Durham, NCProfessional, Scientific & Technical Services780 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,584Employer $ per active participant
$8,618Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$57.4MNet plan assets, end of year
$58,475Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 33th |
| Employee saving | 47th |
| Peers that auto-enroll | 48% |
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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
- Bioagilytix Labs put in about $3,584 per active participant, more than the typical peer ($3,082). 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 | $2,795,336 |
| Participant (employee) contributions | $6,721,903 |
| Other contributions (incl. rollovers in) | $1,332,583 |
| Administrative expenses paid from the plan | $194,179 |
| Contract administrator fees | $83,146 |
| Investment advisory & management fees | $102,658 |
| Benefits paid out | $5,995,093 |
| Net assets, start / end of year | $45.6M / $57.4M |
| Active participants, start / end of year | 796 / 764 |
| Participants with account balances | 982 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eisneramper, LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Co | $7,134 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015084332NAL0005562064001, received 2025-10-15, EIN 26-2395593, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.