Nephron Pharmaceuticals Corp. 401(k) Review & Grade
Nephron Pharmaceuticals Corporation 401(k) Savings Plan
West Columbia, SCManufacturing854 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$764Employer $ per active participant
$2,680Employee $ saved per active participant
0.99%Direct admin cost, % of plan assets
$18.5MNet plan assets, end of year
$16,116Average balance per account
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost1.6 / 257th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 7th |
| Employee saving | 19th |
| Peers that auto-enroll | 59% |
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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 ($760,638 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $12,084 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Nephron Pharmaceuticals put in about $764 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.99% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $652,841 |
| Participant (employee) contributions | $2,290,076 |
| Other contributions (incl. rollovers in) | $89,454 |
| Administrative expenses paid from the plan | $171,231 |
| Investment advisory & management fees | $32,205 |
| Benefits paid out | $2,725,126 |
| Net assets, start / end of year | $16.0M / $18.5M |
| Active participants, start / end of year | 911 / 798 |
| Participants with account balances | 1,147 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $139,026 reported compensation |
| Creative Planning Holdco LLC | $27,235 reported compensation |
| Morgan Stanley | $3,507 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006120848NAL0003382417001, received 2025-10-06, EIN 93-1065757, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.