Plan Ledger DOL Form 5500 · updated monthly

Beneficent Technology, Inc.401(k)

BENEFICENT TECHNOLOGY, INC 401(K) PLAN · PALO ALTO, CA · plan year 2022

Reported admin expense ratio · 2022
0.41%

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

Beneficent Technology, Inc. reported $38,579 in plan administrative expenses for 2022: 0.41% of average plan assets, below the peer median. Employer contributions averaged $1,954 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,059th of 9,483), and 8,743rd of 11,654 in professional & technical services. In 2022, employees put in $5.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,859,415
Participants with balances94
Active participants69
Employer contributions$134,828
Employee contributions$706,311
Employer contribution per active participant$1,954
Average account balance$83,611
Benefits paid to participants$1,861,495
Plan auditUnmodified (clean) audit opinion
The Beneficent Technology, Inc. 401(k) match · 2022
Employer contribution per active participant$1,954
Median for plans this size$1,114

Beneficent Technology, Inc.'s 2022 employer contribution ran above the $1,114 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.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$38,579 · 0.41%
Similar plansProfessional & Technical Services · California
Safework, Inc. CA$7.9M · 0.76%
Split Software, Inc. CA$7.9M · 0.39%
Gallegos United CA$7.9M · 0.73%
Frequence, Inc. CA$7.9M · 0.47%
Ghost Locomotion Inc. CA$7.8M · 0.44%
Kuiu LLC CA$7.7M · 0.86%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 770555413 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.