Plan Ledger DOL Form 5500 · updated monthly

Absci Corporation401(k)

ABSCI CORPORATION 401(K) PLAN · VANCOUVER, WA · plan year 2025

Reported admin expense ratio · 2025
0.37%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Absci Corporation reported $57,408 in plan administrative expenses for 2025: 0.37% of average plan assets, above the peer median. Employer contributions averaged $6,800 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.86% to 0.37%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 770th-largest of 1,714 plans among Washington employers on file, and 6,089th of 11,654 in professional & technical services. In 2025, employees put in $2.26 for every $1.00 the employer contributed; active participation has shrunk from 175 to 125 since 2022.

Plan summary
Net assets, end of year$17,189,951
Participants with balances207
Active participants125
Employer contributions$850,010
Employee contributions$1,920,107
Employer contribution per active participant$6,800
Average account balance$83,043
Benefits paid to participants$2,482,485
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$17.2M · 207 accts · $850K emplr
2024$13.7M · 222 accts · $948K emplr
2023$10.2M · 224 accts · $1.0M emplr
2022$5.7M · 226 accts · $1.0M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$23,916
Investment management$27,492
Total administrative$57,408
The Absci Corporation 401(k) match · 2025
Employer contribution per active participant$6,800
Median for plans this size$2,666
2025$6,800 per active participant
2024$6,819 per active participant
2023$7,185 per active participant
2022$5,790 per active participant

Absci Corporation's 2025 employer contribution ran above the $2,666 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
RAYMOND JAMES AND ASSOCIATES, INC. · Investment advisory (plan)$27,492
FIDELITY INVESTMENTS INSITUTIONAL · Loan processing$23,916

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$57,408 · 0.37%
2024$38,968 · 0.33%
2023$22,802 · 0.29%
2022$45,968 · 0.86%
Same employer
Similar plansProfessional & Technical Services · Washington
Masterworks, Incorporated WA$18.2M · 0.25%
Acumatica, Inc WA$18.1M · 0.05%
Marchex, Inc. WA$17.3M · 0.41%
Aditi Staffing, LLC WA$16.7M · 1.47%
Concentric Group, Inc. WA$16.5M · 0.36%
The Transpo Group, Inc. WA$16.2M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 853383487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.