Kindeva Drug Delivery L.P. 401(k) Review & Grade
Kindeva Drug Delivery L.P. 401(k) Plan
Woodbury, MNManagement of Companies1,378 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$7,660Employer $ per active participant
$9,309Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$106.4MNet plan assets, end of year
$71,812Average balance per account
Score breakdown
- Employer generosity44.4 / 5089th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 51th |
| Employee saving | 78th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($37,447 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $11,278 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kindeva Drug Delivery L.P. put in about $7,660 per active participant, more than the typical peer ($2,492). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $10,551,052 |
| Participant (employee) contributions | $12,823,664 |
| Other contributions (incl. rollovers in) | $3,914,844 |
| Administrative expenses paid from the plan | $174,027 |
| Contract administrator fees | $174,027 |
| Benefits paid out | $11,008,813 |
| Net assets, start / end of year | $52.2M / $106.4M |
| Active participants, start / end of year | 1,325 / 1,430 |
| Participants with account balances | 1,482 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte and Touche, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $174,026 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162742NAL0002749155001, received 2025-10-15, EIN 84-4107779, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.