Plan Ledger DOL Form 5500 · updated monthly

Icu Medical, Inc.401(k)

ICU MEDICAL, INC. 401(K) PLAN · SAN CLEMENTE, CA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Icu Medical, Inc. reported $433,387 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,301 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 0.09% to 0.07%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 191st-largest of 9,483 plans among California employers on file, and the 454th of 13,661 in manufacturing. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$674,132,385
Participants with balances5,206
Active participants4,296
Employer contributions$18,476,100
Employee contributions$35,788,320
Employer contribution per active participant$4,301
Average account balance$129,491
Benefits paid to participants$74,850,227
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$674.1M · 5,206 accts · $18.5M emplr
2023$610.7M · 5,301 accts · $18.3M emplr
2022$366.0M · 3,627 accts · $11.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$342,887
Investment management$90,000
Total administrative$433,387
The Icu Medical, Inc. 401(k) match · 2024
Employer contribution per active participant$4,301
Median for plans this size$4,294
2024$4,301 per active participant
2023$4,044 per active participant
2022$2,536 per active participant

Icu Medical, Inc.'s 2024 employer contribution ran above the $4,294 median for plans its size. 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
T ROWE PRICE RPS INC · Recordkeeping · Trustee$342,887
SAGEVIEW ADVISORY GROUP LLC · Consulting · Investment advisory (participants)$90,000

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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

Administrative cost history3
2024$433,387 · 0.07%
2023$423,068 · 0.09%
2022$357,440 · 0.09%
Same employer
Similar plansManufacturing · California
Viavi Solutions Inc. CA$728.6M · 0.05%
Biomarin Pharmaceutical Inc. CA$715.0M · 0.01%
Sierra Pacific Industries CA$675.1M · 0.05%
Cubic Corporation CA$648.7M · 0.09%
Envista Holdings Corporation CA$591.6M · 0.06%
Sanmina Corporation CA$590.4M · 0.06%
Quidelortho Corporation CA$584.1M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330022692 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.