Miltenyi Biotec North America Inc. 401(k) Review & Grade
Miltenyi Biotec North America, Inc. 401(k) Profit Sharing Plan
Gaithersburg, MDManufacturing870 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,208Employer $ per active participant
$13,701Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$121.3MNet plan assets, end of year
$117,244Average balance per account
Score breakdown
- Employer generosity47.7 / 5095th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 47th |
| Employee saving | 97th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $36 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Miltenyi Biotec North America put in about $9,208 per active participant, more than the typical peer ($2,320). 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.
- 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 | $8,011,015 |
| Participant (employee) contributions | $11,919,632 |
| Other contributions (incl. rollovers in) | $1,379,093 |
| Administrative expenses paid from the plan | $272,301 |
| Contract administrator fees | $272,301 |
| Benefits paid out | $11,277,785 |
| Net assets, start / end of year | $97.0M / $121.3M |
| Active participants, start / end of year | 896 / 844 |
| Participants with account balances | 1,035 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Campbell Taylor Washburn |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $281,600 reported compensation |
| Wells Fargo Advisors Ins Agency LLC | $143,260 reported compensation |
| Wells Fargo Advisors Fin Network | $53,301 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014085024NAL0002441281001, received 2025-10-14, EIN 82-4304020, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.