Plan Ledger DOL Form 5500 · updated monthly

Heron Therapeutics, Inc.401(k)

HERON THERAPEUTICS, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
0.15%

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

Heron Therapeutics, Inc. reported $50,237 in plan administrative expenses for 2023: 0.15% of average plan assets, below the peer median. Employer contributions averaged $7,690 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 rose from 0.12% to 0.15%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,437th-largest of 9,483 plans among California employers on file, and the 4,113th of 13,661 in manufacturing. In 2023, employees put in $3.25 for every $1.00 the employer contributed; active participation has shrunk from 202 to 127 since 2022.

Plan summary
Net assets, end of year$34,029,494
Participants with balances284
Active participants127
Employer contributions$976,615
Employee contributions$3,173,198
Employer contribution per active participant$7,690
Average account balance$119,822
Benefits paid to participants$6,942,281
Plan auditUnmodified (clean) audit opinion
AuditorROMEO, WIGGINS & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 118 accts · $714K emplr
2023$34.0M · 284 accts · $977K emplr
2022$31.4M · 329 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Investment management$50,237
Total administrative$50,237
The Heron Therapeutics, Inc. 401(k) match · 2023
Employer contribution per active participant$7,690
Median for plans this size$2,440
2024$6,054 per active participant
2023$7,690 per active participant
2022$6,855 per active participant

Heron Therapeutics, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
EMPOWER ADVISORY GROUP, LLC · Investment management$34,099
VITA PLANNING GROUP LLC · Investment advisory (plan)$16,138

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$49,702 · 0.15%
2023$50,237 · 0.15%
2022$41,385 · 0.12%
Same employer
Similar plansManufacturing · California
San Antonio Winery, Inc. CA$34.3M · 0.34%
Pulse Electronics, Inc. CA$34.3M · 0.00%
Heritage Companies, LLC CA$34.2M · 0.13%
Moldex Metric, Inc. CA$34.0M · 0.09%
Wente Vineyards CA$33.9M · 0.43%
Dana Innovations, Inc. CA$33.9M · 0.15%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 942875566 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.