Plan Ledger DOL Form 5500 · updated monthly

Biotechnology Innovation Organization401(k)

BIOTECHNOLOGY INNOVATION ORGANIZATION RETIREMENT 401(K) PLAN · WASHINGTON, DC · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Biotechnology Innovation Organization reported $54,382 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $20,220 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 0.15% to 0.13%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 197th-largest of 618 plans among District of Columbia employers on file, and the 520th of 3,341 in other services. In 2024, the employer put in $1.26 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$42,093,191
Participants with balances258
Active participants124
Employer contributions$2,507,242
Employee contributions$1,992,030
Employer contribution per active participant$20,220
Average account balance$163,152
Benefits paid to participants$7,922,641
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.1M · 258 accts · $2.5M emplr
2023$39.7M · 275 accts · $2.2M emplr
2022$33.4M · 257 accts · $332K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,382
Investment management$32,000
Total administrative$54,382
The Biotechnology Innovation Organization 401(k) match · 2024
Employer contribution per active participant$20,220
Median for plans this size$2,416
2024$20,220 per active participant
2023$14,254 per active participant
2022$2,478 per active participant

Biotechnology Innovation Organization's 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$32,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,382

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

Administrative cost history3
2024$54,382 · 0.13%
2023$47,903 · 0.13%
2022$56,543 · 0.15%
Same employer
Similar plansOther Services · District of Columbia
Leadingage, Inc. DC$41.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521224577 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.