Nutramax Laboratories, Inc. 401(k) Review & Grade
Nutramax Laboratories, Inc. 401(k) Profit Sharing Plan
Lancaster, SCProfessional, Scientific & Technical Services803 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,002Employer $ per active participant
$4,405Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$74.1MNet plan assets, end of year
$77,543Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 56th |
| Employee saving | 23th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Nutramax Laboratories put in about $8,002 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 | $6,425,939 |
| Participant (employee) contributions | $3,537,354 |
| Other contributions (incl. rollovers in) | $723,348 |
| Administrative expenses paid from the plan | $127,928 |
| Contract administrator fees | $20,890 |
| Investment advisory & management fees | $27,941 |
| Benefits paid out | $6,511,485 |
| Net assets, start / end of year | $62.2M / $74.1M |
| Active participants, start / end of year | 776 / 830 |
| Participants with account balances | 955 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elliott Davis |
Largest service providers (Schedule C)
| Alerus Financial | $111,393 reported compensation |
| Coastal Pension Services, Inc. | $20,890 reported compensation |
| Elliott Davis | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001072344NAL0017529235001, received 2025-10-01, EIN 52-1590810, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.