Daiichi Sankyo 401(k) match, vesting and fees
What Daiichi Sankyo's 401(k) plan says about matching contributions
The Company makes matching contributions of 100% up to the first 6% of the participant's annual compensation, as defined.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Match vesting | Participants are vested immediately in all contributions plus actual earnings thereon. | Audit report, p. 29 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their account balance. The loans are secured by the balance in the participant's account. The loan interest rate shall be commensurate with local prevailing rates, as defined. | Audit report, p. 29 ↗ |
| Recordkeeper | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Cohnreznick LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Daiichi Sankyo: employer contribution per participant | $11,592 | |
| Peer median | $2,066 |
| Daiichi Sankyo: average balance | $264,083 | |
| Peer median | $77,876 |
| Daiichi Sankyo: admin expenses ÷ assets | 0.05% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $795M at the end of plan year 2021 to $964M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,730 | $964M | $42.3M | $11,592 | 0.05% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 3,447 | $812M | $32.9M | $9,850 | 0.06% | Not published | Form 5500 ↗ |
| 2022 | 3,169 | $672M | $25.6M | $8,215 | 0.06% | Not published | Form 5500 ↗ |
| 2021 | 2,978 | $795M | $22.4M | $7,671 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Daiichi Sankyo match 401(k) contributions?
The audit report attached to the Daiichi Sankyo, Inc. Savings and Retirement Plan's plan year 2024 Form 5500, page 29 says: “The Company makes matching contributions of 100% up to the first 6% of the participant's annual compensation, as defined.” Plan terms may have changed; check your current Summary Plan Description.
When is the Daiichi Sankyo 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Participants are vested immediately in all contributions plus actual earnings thereon.”
Who manages the Daiichi Sankyo 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Daiichi Sankyo, Inc..
I left Daiichi Sankyo. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Daiichi Sankyo, Inc., (908) 992-6400) or the recordkeeper, T Rowe Price Rps Inc. The Daiichi Sankyo old 401(k) page lists the contacts from every plan filing. Find an old Daiichi Sankyo 401(k)
Data from the public Form 5500 annual reports Daiichi Sankyo filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Daiichi Sankyo. Not financial advice. Report a correction · Methodology