Henry Schein One, LLC 401(k) Review & Grade
Henry Schein One 401(k) Plan
American Fork, UTProfessional, Scientific & Technical Services1,306 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,320Employer $ per active participant
$5,653Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$85.8MNet plan assets, end of year
$73,249Average balance per account
Score breakdown
- Employer generosity19.2 / 5038th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 51th |
| Employee saving | 28th |
| Peers that auto-enroll | 48% |
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 $3,619 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Henry Schein One put in about $2,320 per active participant, below the typical peer ($3,082). 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.
- 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 | $3,029,294 |
| Participant (employee) contributions | $7,382,623 |
| Other contributions (incl. rollovers in) | $2,627,506 |
| Administrative expenses paid from the plan | $177,765 |
| Investment advisory & management fees | $65,000 |
| Benefits paid out | $9,373,021 |
| Net assets, start / end of year | $72.9M / $85.8M |
| Active participants, start / end of year | 1,313 / 1,299 |
| Participants with account balances | 1,171 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Larson & Co |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $112,765 reported compensation |
| Global Retirement Partners LLC | $65,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009152002NAL0003696739001, received 2025-10-09, EIN 82-3417064, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.