Bolton Medical Inc. 401(k) Review & Grade
Terumo Aortic Retirement Plan
Sunrise, FLManufacturing568 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,095Employer $ per active participant
$6,501Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$34.2MNet plan assets, end of year
$52,137Average balance per account
Score breakdown
- Employer generosity22.7 / 5045th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 32th |
| Employee saving | 69th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,930 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Bolton Medical put in about $2,095 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,190,757 |
| Participant (employee) contributions | $3,696,045 |
| Other contributions (incl. rollovers in) | $548,712 |
| Administrative expenses paid from the plan | $116,802 |
| Contract administrator fees | $106,711 |
| Investment advisory & management fees | $3,661 |
| Other admin expenses | $6,430 |
| Benefits paid out | $2,398,031 |
| Net assets, start / end of year | $26.9M / $34.2M |
| Active participants, start / end of year | 584 / 553 |
| Participants with account balances | 655 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $113,842 reported compensation |
| LPL Financial Corporation | $62,507 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013144229NAL0003237250001, received 2025-10-13, EIN 22-3213772, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.