INCYTE DIAGNOSTICS RETIREMENT PLAN · SPOKANE VALLEY, WA · plan year 2023
Reported admin expense ratio · 2023
0.30%
Peer grade: C· admin costs + employer contributions vs same-size plans · how grading works
Incyte Pathology, Ps reported $163,016 in plan administrative expenses for 2023: 0.30% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,715 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 0.28% to 0.23%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 291st-largest of 1,714 plans among Washington employers on file, and the 1,641st of 11,911 in health care & social assistance. In 2023, employees put in $1.93 for every $1.00 the employer contributed; active participation has grown from 388 to 433 since 2022.
Plan summary
Net assets, end of year$59,042,791
Participants with balances595
Active participants433
Employer contributions$1,175,737
Employee contributions$2,269,914
Employer contribution per active participant$2,715
Average account balance$99,232
Benefits paid to participants$5,613,146
Plan auditUnmodified (clean) audit opinion
AuditorSCHOEDEL & SCHOEDEL CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$58.7M · 606 accts · $1.2M emplr
2023$59.0M · 595 accts · $1.2M emplr
2022$49.7M · 595 accts · $2.3M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$46,012
Investment management$107,040
Trustee / custodial$9,964
Total administrative$163,016
The Incyte Pathology, Ps 401(k) match · 2023
Employer contribution per active participant$2,715
Median for plans this size$3,659
2024$2,763 per active participant
2023$2,715 per active participant
2022$5,850 per active participant
Incyte Pathology, Ps's 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Source: U.S. Department of Labor, Form 5500 series, EIN 910845805 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.