Amgen Inc.401(k) + ESOP (KSOP)
AMGEN RETIREMENT AND SAVINGS PLAN · THOUSAND OAKS, CA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Amgen Inc. reported $9,761,225 in plan administrative expenses for 2024: 0.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $17,909 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 2 years on file its reported administrative ratio fell from 0.18% to 0.13%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 20th-largest of 9,483 plans among California employers on file, and the 54th of 13,661 in manufacturing. In 2024, the employer put in $1.13 for every $1.00 employees contributed themselves; active participation has grown from 12,714 to 14,965 since 2022.
Amgen Inc.'s 2024 employer contribution ran above the $5,259 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 953540776 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.