Teva Pharmaceuticals USA, Inc. 401(k) Review & Grade
Teva Pharmaceuticals Retirement Savings Plan
Parsippany, NJManufacturing5,170 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,600Employer $ per active participant
$12,390Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$2.3BNet plan assets, end of year
$243,410Average balance per account
Score breakdown
- Employer generosity49.1 / 5098th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score91 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 84th |
| Employee saving | 92th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $18,641 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Teva Pharmaceuticals USA put in about $12,600 per active participant, more than the typical peer ($3,452). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $65,141,405 |
| Participant (employee) contributions | $64,055,323 |
| Other contributions (incl. rollovers in) | $14,887,964 |
| Administrative expenses paid from the plan | $903,713 |
| Investment advisory & management fees | $346,461 |
| Other admin expenses | $12,390 |
| Benefits paid out | $251,473,542 |
| Net assets, start / end of year | $2.1B / $2.3B |
| Active participants, start / end of year | 5,303 / 5,037 |
| Participants with account balances | 9,589 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Torrillo & Associates, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $544,862 reported compensation |
| Aon Investments USA Inc | $346,461 reported compensation |
| Aon Consulting, Inc. | $12,390 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008084806NAL0003136883001, received 2025-10-08, EIN 22-1734359, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.