Otsuka America Pharmaceutical Inc. 401(k) Review & Grade
Otsuka America 401(k) Savings Plan
Princeton, NJProfessional, Scientific & Technical Services3,094 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$14,128Employer $ per active participant
$18,662Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$255,950Average balance per account
Score breakdown
- Employer generosity48.7 / 5097th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 97th |
| Lower admin cost | 83th |
| Employee saving | 95th |
| Peers that auto-enroll | 47% |
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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 ($1,568,361 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $10,207 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Otsuka America Pharmaceutical put in about $14,128 per active participant, more than the typical peer ($2,951). 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 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 | $43,706,012 |
| Participant (employee) contributions | $57,731,171 |
| Other contributions (incl. rollovers in) | $21,295,021 |
| Administrative expenses paid from the plan | $431,866 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $41,131 |
| Other admin expenses | $389,235 |
| Benefits paid out | $100,830,977 |
| Net assets, start / end of year | $939.4M / $1.1B |
| Active participants, start / end of year | 3,000 / 3,187 |
| Participants with account balances | 4,364 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Rocaton Investment Advisors, LLC | $85,500 reported compensation |
| Forvis Mazars | $43,260 reported compensation |
| Strategic Advisors, Inc. | $41,131 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009131542NAL0016178082001, received 2025-10-09, EIN 52-1630683, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.