Plan Ledger DOL Form 5500 · updated monthly

Elanco US, Inc.401(k)

THE ELANCO US, INC. 401(K) PLAN · GREENFIELD, IN · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Elanco US, Inc. reported $418,212 in plan administrative expenses for 2024: 0.06% of average plan assets, below the peer median. Employer contributions averaged $7,741 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 0.07% to 0.06%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 24th-largest of 1,562 plans among Indiana employers on file, and the 260th of 11,654 in professional & technical services. In 2024, employees put in $1.53 for every $1.00 the employer contributed; active participation has shrunk from 3,656 to 3,006 since 2022.

Plan summary
Net assets, end of year$676,648,821
Participants with balances3,658
Active participants3,006
Employer contributions$23,268,134
Employee contributions$35,702,969
Employer contribution per active participant$7,741
Average account balance$184,978
Benefits paid to participants$80,814,527
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$676.6M · 3,658 accts · $23.3M emplr
2023$619.6M · 3,602 accts · $26.1M emplr
2022$534.3M · 3,422 accts · $22.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$126,090
Investment management$250,084
Audit (IQPA)$42,038
Total administrative$418,212
The Elanco US, Inc. 401(k) match · 2024
Employer contribution per active participant$7,741
Median for plans this size$4,294
2024$7,741 per active participant
2023$9,200 per active participant
2022$6,099 per active participant

Elanco US, Inc.'s 2024 employer contribution ran above the $4,294 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 · 20244
SHEPHERD FINANCIAL INVESTMENT · Investment advisory (participants) · Investment advisory (plan)$156,556
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$126,590
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$93,528
FORVIS MAZARS, LLP · Accounting / audit$42,038

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$418,212 · 0.06%
2023$289,576 · 0.05%
2022$431,627 · 0.07%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 562002553 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.