Plan Ledger DOL Form 5500 · updated monthly

Hemosonics, LLC401(k)

HEMOSONICS, LLC 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.39%

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

Hemosonics, LLC reported $35,178 in plan administrative expenses for 2024: 0.39% of average plan assets, below the peer median. Employer contributions averaged $7,010 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 1 year on file its reported administrative ratio fell from 0.51% to 0.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in North Carolina (1,111th of 2,005), and the 5,706th of 11,911 in health care & social assistance. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,981,071
Participants with balances129
Active participants96
Employer contributions$672,943
Employee contributions$1,185,413
Employer contribution per active participant$7,010
Average account balance$77,373
Benefits paid to participants$1,835,984
Plan auditUnmodified (clean) audit opinion
AuditorBERNARD ROBINSON COMPANY LLP
Plan history2
Yearassets · accounts · employer contribution
2024$10.0M · 129 accts · $673K emplr
2023$8.0M · 141 accts · $589K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,844
Investment management$8,334
Total administrative$35,178
The Hemosonics, LLC 401(k) match · 2024
Employer contribution per active participant$7,010
Median for plans this size$1,313
2024$7,010 per active participant
2023$5,613 per active participant

Hemosonics, LLC's 2024 employer contribution ran above the $1,313 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 · 20243
JOHN HANCOCK LIFE INSURANCE USA · Recordkeeping$7,464
MMA SECURITIES · Investment advisory (participants) · Investment advisory (plan)$18,748
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$8,316

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history2
2024$35,178 · 0.39%
2023$35,744 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Prokidney, LLC NC$9.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204483346 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.