Neurocrine Biosciences 401(k) Review & Grade
Neurocrine Biosciences, Inc. 401(k) Savings Plan
San Diego, CAProfessional, Scientific & Technical Services1,567 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,431Employer $ per active participant
$17,356Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$283.5MNet plan assets, end of year
$150,101Average balance per account
Score breakdown
- Employer generosity44.7 / 5089th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 87th |
| Employee saving | 95th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,858 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Neurocrine Biosciences put in about $9,431 per active participant, more than the typical peer ($3,082). 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.
- 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 | $14,778,077 |
| Participant (employee) contributions | $27,197,377 |
| Other contributions (incl. rollovers in) | $12,310,685 |
| Administrative expenses paid from the plan | $127,623 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $36,863 |
| Benefits paid out | $20,246,365 |
| Net assets, start / end of year | $213.0M / $283.5M |
| Active participants, start / end of year | 1,366 / 1,768 |
| Participants with account balances | 1,889 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Duffy Kruspodin, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $90,760 reported compensation |
| Strategic Advisors, Inc. | $36,863 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007134411NAL0008023040001, received 2025-10-07, EIN 33-0525145, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.