Retirement plan

OTSUKA AMERICA 401(K) SAVINGS PLAN

Name: OTSUKA AMERICA PHARMACEUTICAL INC. - OTSUKA AMERICA 401(K) SAVINGS PLAN (2024) Form 5500
Creator: OTSUKA AMERICA PHARMACEUTICAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OTSUKA AMERICA 401(K) SAVINGS PLAN, OTSUKA AMERICA PHARMACEUTICAL INC.

OTSUKA AMERICA PHARMACEUTICAL INC.EIN 52-1630683Plan #001PY 2024

508 CARNEGIE CENTER - PRINCETON, NJ 08540609-853-2040LinkedIn1001-5000 employeespharmaceuticals

Other plans on this EIN

1 filing

#002Retirement-$132.7M assets

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed August 10, 2021 (most recent of 4 filings on file)

Plan administrator

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508 Carnegie Center

Princeton, NJ 08540

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Plans declared (1)

Otsuka Magnet Incentive Plan240 emp

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Total assets (EOY)

$1117M

+18.9% from 2023

Total participants

4,501

+5.7% from 2023

Average account balance

$255,950

+13.3% from 2023

Annual return

18.84%

-4.67 pp from 2023

Benchmarks

See 949 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort949 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.12B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$256K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

4,364

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$101.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.84%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$99

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ROCATON INVESTMENT ADVISORS, LLC4 years Service code 16 · EIN 04-3638035	Consulting	$85,500
FORVIS, LLP1 year Filed as: FORVIS MAZARS Service code 10 · EIN 44-0160260	Accounting	$43,260
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$41,131
GOLDMAN SACHS1 year Filed as: GOLDMAN SACGS ASSET MANAGEMENT LP Service code 16 · EIN 13-3575636	Consulting	$20,000
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$43,162

Plan features & details

Pension benefit codes2G2J2K2T3H2F3D2R

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$432K

$136 / participant

Investment mgmt$41K9.5%
Contract admin$2K0.3%
Other / not subdivided$389K90.1%

% of EOY assets

0.039%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$255,950

$122,219+109.4%

$147,096+74.0%

$199,921+28.0%

Participation rate

95.7%

78.3%+17.4pp

82.2%+13.5pp

72.0%+23.7pp

Annual return

18.84%

30.59%-11.7pp

419.75%-400.9pp

34.28%-15.4pp

Employer contribution / active EE

$13,714

$4,096+234.8%

$4,936+177.8%

$3,035+351.8%

Participant deferral / active EE

$18,115

$8,503+113.0%

$8,071+124.4%

$5,089+256.0%

Admin fee / account holder

$99

$179-44.8%

$13,005-99.2%

$269-63.2%

Provider

Service type

Compensation

ROCATON INVESTMENT ADVISORS, LLC4 years

Service code 16 · EIN 04-3638035

Consulting

$85,500

FORVIS, LLP1 year

Filed as: FORVIS MAZARS

Service code 10 · EIN 44-0160260

Accounting

$43,260

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$41,131

GOLDMAN SACHS1 year

Filed as: GOLDMAN SACGS ASSET MANAGEMENT LP

Service code 16 · EIN 13-3575636

Consulting

$20,000

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$43,162

OTSUKA AMERICA 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OTSUKA AMERICA 401(K) SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion