Plan Ledger DOL Form 5500 · updated monthly

Madrigal Pharmaceuticals, Inc.401(k)

MADRIGAL PHARMACEUTICALS, INC. 401(K) PLAN · WEST CONSHOHOCKEN, PA · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Madrigal Pharmaceuticals, Inc. reported $18,699 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,479 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 rose from 0.04% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,005th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,473rd of 11,654 in professional & technical services. In 2024, employees put in $3.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$37,600,593
Participants with balances556
Active participants544
Employer contributions$2,980,405
Employee contributions$9,509,531
Employer contribution per active participant$5,479
Average account balance$67,627
Benefits paid to participants$2,591,160
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$37.6M · 556 accts · $3.0M emplr
2023$13.6M · 204 accts · $664K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,699
Total administrative$18,699
The Madrigal Pharmaceuticals, Inc. 401(k) match · 2024
Employer contribution per active participant$5,479
Median for plans this size$2,416
2024$5,479 per active participant
2023$3,175 per active participant

Madrigal Pharmaceuticals, Inc.'s 2024 employer contribution ran above the $2,416 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.

Service providers · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,699

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

Administrative cost history2
2024$18,699 · 0.07%
2023$4,094 · 0.04%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Stratus Team, LLC PA$38.2M · 0.30%
Arthur H. Thomas Company PA$37.9M · 0.37%
Comoto Holdings,Inc. PA$37.8M · 0.48%
Arm Group LLC PA$37.4M · 0.39%
The Eads Group, Inc. PA$36.7M · 0.16%
Tenova, Inc. PA$36.7M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043508648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.