Plan Ledger DOL Form 5500 · updated monthly

Miltenyi Biotec North America Inc.401(k)

MILTENYI BIOTEC NORTH AMERICA, INC. 401(K) PROFIT SHARING PLAN · GAITHERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Miltenyi Biotec North America Inc. reported $272,301 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,492 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 has held roughly steady near 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 142nd-largest of 1,671 plans among Maryland employers on file, and the 1,646th of 13,661 in manufacturing. In 2024, employees put in $1.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$121,347,941
Participants with balances1,035
Active participants844
Employer contributions$8,011,015
Employee contributions$11,919,632
Employer contribution per active participant$9,492
Average account balance$117,244
Benefits paid to participants$11,277,785
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$121.3M · 1,035 accts · $8.0M emplr
2023$97.0M · 1,100 accts · $5.1M emplr
2022$71.2M · 1,027 accts · $7.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$272,301
Total administrative$272,301
The Miltenyi Biotec North America Inc. 401(k) match · 2024
Employer contribution per active participant$9,492
Median for plans this size$3,635
2024$9,492 per active participant
2023$5,723 per active participant
2022$8,838 per active participant

Miltenyi Biotec North America Inc.'s 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$281,600
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp
WELLS FARGO ADVISORS FIN NETWORK · Other servicesindirect comp

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

Administrative cost history3
2024$272,301 · 0.25%
2023$200,754 · 0.24%
2022$168,071 · 0.24%
Same employer
Similar plansManufacturing · Maryland
Fidelity Engineering, LLC MD$151.7M · 0.34%
Bisgp MD$114.4M · 0.41%
Canam Steel Corporation MD$95.1M · 0.15%
Mra Systems, LLC MD$89.9M · 0.05%
Tcom, LP MD$82.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 824304020 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.