Mindray DS USA, Inc. 401(k) Review & Grade
Mindray DS USA, Inc. 401(k) Savings Plan
Mahwah, NJManufacturing674 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,037Employer $ per active participant
$12,829Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$163.9MNet plan assets, end of year
$175,893Average balance per account
Score breakdown
- Employer generosity37.7 / 5075th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1596th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 58th |
| Employee saving | 96th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,532 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mindray DS USA put in about $4,037 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 | $2,721,070 |
| Participant (employee) contributions | $8,646,656 |
| Other contributions (incl. rollovers in) | $680,985 |
| Administrative expenses paid from the plan | $270,563 |
| Contract administrator fees | $167,967 |
| Investment advisory & management fees | $83,696 |
| Benefits paid out | $12,164,769 |
| Net assets, start / end of year | $141.5M / $163.9M |
| Active participants, start / end of year | 662 / 686 |
| Participants with account balances | 932 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| John Hancock | $192,781 reported compensation |
| Usb Financial Services, Inc. | $58,882 reported compensation |
| Forvis Mazars, LLP | $18,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010135137NAL0004308371001, received 2025-10-10, EIN 80-0164497, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.