Ferring Pharmaceutical Inc. 401(k) Review & Grade
Ferring Pharmaceuticals Inc. 401(k) Savings Plan
Parsippany, NJWholesale Trade962 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,433Employer $ per active participant
$13,209Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$232.8MNet plan assets, end of year
$157,594Average balance per account
Score breakdown
- Employer generosity48.4 / 5097th percentile for employer $ per participant
- Low cost23.9 / 2595th percentile for low admin cost vs. same-size plans
- Employee saving14.8 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 95th |
| Employee saving | 99th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $3,398 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ferring Pharmaceutical put in about $8,433 per active participant, more than the typical peer ($1,792). 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.
- 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 | $8,108,385 |
| Participant (employee) contributions | $12,700,642 |
| Other contributions (incl. rollovers in) | $8,075,773 |
| Administrative expenses paid from the plan | $42,878 |
| Benefits paid out | $30,497,169 |
| Net assets, start / end of year | $201.7M / $232.8M |
| Active participants, start / end of year | 971 / 952 |
| Participants with account balances | 1,477 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $42,878 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014204644NAL0004887856001, received 2025-10-14, EIN 54-1179881, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.