Plan Ledger DOL Form 5500 · updated monthly

Mersana Therapeutics, Inc.401(k)

MERSANA THERAPEUTICS, INC. 401(K) PROFIT SHARING PLAN TRUST · CAMBRIDGE, MA · plan year 2025

Reported admin expense ratio · 2025
0.02%

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

Mersana Therapeutics, Inc. reported $6,250 in plan administrative expenses for 2025: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,521 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 3 years on file its reported administrative ratio rose from 0.018% to 0.020%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other professional & technical services employers. By assets it is the 950th-largest of 2,726 plans among Massachusetts employers on file, and the 3,904th of 11,654 in professional & technical services. In 2025, employees put in $2.93 for every $1.00 the employer contributed; active participation has shrunk from 231 to 42 since 2022.

Plan summary
Net assets, end of year$32,553,698
Participants with balances182
Active participants42
Employer contributions$525,881
Employee contributions$1,541,588
Employer contribution per active participant$12,521
Average account balance$178,866
Benefits paid to participants$6,353,955
Plan auditUnmodified (clean) audit opinion
AuditorCARRON & BLETZER, PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$32.6M · 182 accts · $526K emplr
2024$31.5M · 220 accts · $746K emplr
2023$29.1M · 255 accts · $1.3M emplr
2022$22.0M · 258 accts · $1.1M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$300
Audit (IQPA)$5,950
Total administrative$6,250
The Mersana Therapeutics, Inc. 401(k) match · 2025
Employer contribution per active participant$12,521
Median for plans this size$2,666
2025$12,521 per active participant
2024$7,177 per active participant
2023$10,873 per active participant
2022$4,761 per active participant

Mersana Therapeutics, Inc.'s 2025 employer contribution ran above the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
CARON & BLETZER, PLLC · Accounting / audit$5,950
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$300

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

Administrative cost history4
2025$6,250 · 0.02%
2024$563 · 0.00%
2023$2,488 · 0.01%
2022$3,806 · 0.02%
Same employer
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Williamsmarston LLC MA$34.5M · 0.24%
Gradco, LLC D/B/A Gradient MA$33.6M · 0.30%
Prince Lobel Tye LLP MA$33.1M · 0.00%
Infinidat, Inc. MA$32.9M · 0.05%
Edelstein & Company, LLP MA$32.0M · 0.05%
Transmedics, Inc. MA$31.9M · 0.32%
Aware, Inc. MA$31.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043562403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.