Plan Ledger DOL Form 5500 · updated monthly

Lifemine Therapeutics, Inc.401(k)

LIFEMINE THERAPEUTICS 401(K) PLAN · CAMBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Lifemine Therapeutics, Inc. reported $37,551 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $8,221 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 0.64% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Massachusetts (2,081st of 2,726), and 8,801st of 11,654 in professional & technical services. In 2024, employees put in $2.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,660,059
Participants with balances127
Active participants58
Employer contributions$476,823
Employee contributions$975,911
Employer contribution per active participant$8,221
Average account balance$60,315
Benefits paid to participants$1,121,545
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.7M · 127 accts · $477K emplr
2023$5.5M · 127 accts · $525K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,551
Total administrative$37,551
The Lifemine Therapeutics, Inc. 401(k) match · 2024
Employer contribution per active participant$8,221
Median for plans this size$1,313
2024$8,221 per active participant
2023$6,249 per active participant

Lifemine Therapeutics, Inc.'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.

Administrative cost history2
2024$37,551 · 0.57%
2023$29,232 · 0.64%
Same employer
Similar plansProfessional & Technical Services · Massachusetts
Toolsgroup, Inc. MA$7.8M · 0.78%
Avrobio, Inc MA$7.7M · 0.03%
Biocair, Inc MA$7.6M · 0.74%
6K Inc. MA$7.6M · 0.21%
Julia O Faigel Dmd, PC MA$7.4M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 813783202 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.