Plan Ledger DOL Form 5500 · updated monthly

Benchling, Inc.401(k)

FORUS 401(K) · SAN FRANCISCO, CA · plan year 2024

Employer contribution per participant · 2024
$3,372

Benchling, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $67,134,066 across 880 participant accounts, with employer contributions averaging $3,372 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.38% to 0.10%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,370th-largest of 9,483 plans among California employers on file, and the 2,144th of 11,654 in professional & technical services. In 2024, employees put in $6.75 for every $1.00 the employer contributed; active participation has shrunk from 692 to 600 since 2022.

Plan summary
Net assets, end of year$67,134,066
Participants with balances880
Active participants600
Employer contributions$2,023,144
Employee contributions$13,646,469
Employer contribution per active participant$3,372
Average account balance$76,289
Benefits paid to participants$4,832,278
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$67.1M · 880 accts · $2.0M emplr
2023$45.5M · 831 accts · $2.2M emplr
2022$23.0M · 795 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Investment management$1,965
Total administrative-$3,878
The Benchling, Inc. 401(k) match · 2024
Employer contribution per active participant$3,372
Median for plans this size$3,635
2024$3,372 per active participant
2023$3,451 per active participant
2022$2,607 per active participant

Benchling, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$33,383 · 0.10%
2022$69,961 · 0.38%
Same employer
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Bluebeam, Inc. CA$67.1M · 0.05%
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Takara Bio, USA, Inc. CA$67.1M · 0.07%
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Source: U.S. Department of Labor, Form 5500 series, EIN 455365648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.