Umass Memorial Shields Pharmacy LLC 401(k) Review & Grade
Umass Memorial Shields Pharmacy, LLC 401(k) Profit Sharing Plan
Stoughton, MARetail Trade2,312 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,402Employer $ per active participant
$5,886Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$87.8MNet plan assets, end of year
$31,789Average balance per account
Score breakdown
- Employer generosity44.7 / 5089th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving13.6 / 1591th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 42th |
| Employee saving | 91th |
| 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
- Umass Memorial Shields Pharmacy put in about $2,402 per active participant, more than the typical peer ($743). 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 | $5,551,318 |
| Participant (employee) contributions | $13,606,176 |
| Other contributions (incl. rollovers in) | $1,091,401 |
| Administrative expenses paid from the plan | $218,576 |
| Contract administrator fees | $171,556 |
| Benefits paid out | $4,530,400 |
| Net assets, start / end of year | $62.3M / $87.8M |
| Active participants, start / end of year | 2,057 / 2,566 |
| Participants with account balances | 2,762 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Leonard, Mulherin & Greene, P.C. |
Largest service providers (Schedule C)
| Alerus Financial, N.A. | $218,576 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919120000NAL0001068787001, received 2025-09-19, EIN 45-3841517, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.