Plan Ledger DOL Form 5500 · updated monthly

Elevatebio Technologies, Inc.401(k)

ELEVATEBIO MANAGEMENT, INC. 401(K) RETIREMENT PLAN · WALTHAM, MA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Elevatebio Technologies, Inc. reported $91,254 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $6,629 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 0.34% to 0.25%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 787th-largest of 2,726 plans among Massachusetts employers on file, and the 3,165th of 11,654 in professional & technical services. In 2024, employees put in $2.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$42,422,564
Participants with balances662
Active participants468
Employer contributions$3,102,345
Employee contributions$6,211,023
Employer contribution per active participant$6,629
Average account balance$64,082
Benefits paid to participants$3,808,302
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH+BROWN,P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$42.4M · 662 accts · $3.1M emplr
2023$30.7M · 590 accts · $3.1M emplr
2022$17.2M · 527 accts · $2.3M emplr
The Elevatebio Technologies, Inc. 401(k) match · 2024
Employer contribution per active participant$6,629
Median for plans this size$2,416
2024$6,629 per active participant
2023$6,384 per active participant
2022$5,251 per active participant

Elevatebio Technologies, Inc.'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
MML INVESTORS SERVICES · Consulting$88,464

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$91,254 · 0.25%
2023$79,318 · 0.33%
2022$48,180 · 0.34%
Similar plansProfessional & Technical Services · Massachusetts
Cerevel Therapeutics LLC MA$43.6M · 0.02%
Fletcher Tilton PC MA$43.0M · 0.09%
Nasuni Corporation MA$41.9M · 0.18%
J2 Interactive, LLC MA$41.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823981863 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.