Opko Health, Inc. 401(k) Review & Grade
Opko Health, Inc. 401(k) Plan
Miami, FLProfessional, Scientific & Technical Services2,749 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,462Employer $ per active participant
$5,416Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$225.1MNet plan assets, end of year
$75,362Average balance per account
Score breakdown
- Employer generosity21.7 / 5043th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 34th |
| Employee saving | 29th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Opko Health put in about $2,462 per active participant, below the typical peer ($2,951). 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 (0.20% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $6,767,042 |
| Participant (employee) contributions | $14,888,260 |
| Other contributions (incl. rollovers in) | $940,859 |
| Administrative expenses paid from the plan | $443,170 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $146,880 |
| Benefits paid out | $35,246,215 |
| Net assets, start / end of year | $207.6M / $225.1M |
| Active participants, start / end of year | 3,226 / 2,272 |
| Participants with account balances | 2,987 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Socorro Partners Cpa's&advisors LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $296,290 reported compensation |
| Creative Planning LLC | $80,000 reported compensation |
| Strategic Advisors, Inc. | $66,880 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925102153NAL0011992226001, received 2025-09-25, EIN 75-2402409, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.