Plan Ledger DOL Form 5500 · updated monthly

Gilead Sciences, Inc.401(k)

GILEAD SCIENCES 401(K) PLAN · FOSTER CITY, CA · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Gilead Sciences, Inc. reported $139,840 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,021 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 3 years on file its reported administrative ratio has held roughly steady near 0.004%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 35th-largest of 9,483 plans among California employers on file, and the 86th of 13,661 in manufacturing. In 2024, employees put in $1.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,285,407,109
Participants with balances15,072
Active participants10,903
Employer contributions$152,873,951
Employee contributions$256,106,791
Employer contribution per active participant$14,021
Average account balance$284,329
Benefits paid to participants$281,982,255
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.3B · 15,072 accts · $152.9M emplr
2023$3.5B · 15,176 accts · $151.6M emplr
2022$2.6B · 14,430 accts · $136.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$105,840
Audit (IQPA)$34,000
Total administrative$139,840
The Gilead Sciences, Inc. 401(k) match · 2024
Employer contribution per active participant$14,021
Median for plans this size$5,259
2024$14,021 per active participant
2023$13,409 per active participant
2022$12,654 per active participant

Gilead Sciences, Inc.'s 2024 employer contribution ran above the $5,259 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$107,665
MOSS ADAMS · Accounting / audit$34,000

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$139,840 · 0.00%
2023$227,460 · 0.01%
2022$97,264 · 0.00%
Same employer
Similar plansManufacturing · California
Amgen Inc. CA$7.7B · 0.13%
Applied Materials, Inc. CA$6.2B · 0.04%
Intuit Inc. CA$3.7B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943047598 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.