Plan Ledger DOL Form 5500 · updated monthly

Institute for Systems Biology403(b)

INSTITUTE FOR SYSTEMS BIOLOGY DEFINED CONTRIBUTION RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Institute for Systems Biology reported $41,555 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,143 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 0.05% to 0.06%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 224th-largest of 1,714 plans among Washington employers on file, and the 1,843rd of 11,654 in professional & technical services. In 2024, employees put in $1.47 for every $1.00 the employer contributed; active participation has grown from 178 to 246 since 2022.

Plan summary
Net assets, end of year$79,128,836
Participants with balances593
Active participants246
Employer contributions$1,265,078
Employee contributions$1,861,934
Employer contribution per active participant$5,143
Average account balance$133,438
Benefits paid to participants$5,614,023
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$79.1M · 593 accts · $1.3M emplr
2023$71.8M · 560 accts · $1.2M emplr
2022$60.7M · 520 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,713
Investment management$24,264
Trustee / custodial$4,578
Total administrative$41,555
Employer contributions to the Institute for Systems Biology plan · 2024
Employer contribution per active participant$5,143
Median for plans this size$3,635
2024$5,143 per active participant
2023$6,193 per active participant
2022$6,280 per active participant

Institute for Systems Biology's 2024 employer contribution ran above the $3,635 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 · 20244
USI CONSULTING GROUP · Recordkeeping · Investment advisory (participants)$12,713
USI ADVISORS, INC. · Investment advisory (participants) · Investment advisory (plan)$24,264
CHARLES SCHWAB BANK/TRUST COMPANY · Custodial · Custodial (securities)$4,578
CHARLES SCHWAB & CO., INC. · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$41,555 · 0.06%
2023$37,719 · 0.06%
2022$30,619 · 0.05%
Same employer
Similar plansProfessional & Technical Services · Washington
Geoengineers, Inc. WA$89.2M · 0.07%
Keller Rohrback LLP WA$86.5M · 0.12%
Apptio, Inc. WA$80.4M · 0.24%
Delve Holdings, Inc. WA$79.4M · 0.11%
Clark Nuber P.S. WA$76.3M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 912003593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.