Plan Ledger DOL Form 5500 · updated monthly

Mirati Therapeutics, Inc.401(k)

MIRATI THERAPEUTICS, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2023

Reported admin expense ratio · 2023
0.17%

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

Mirati Therapeutics, Inc. reported $77,082 in plan administrative expenses for 2023: 0.17% of average plan assets, below the peer median. Employer contributions averaged $14,124 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 0.32% to 0.17%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,573rd-largest of 9,483 plans among California employers on file, and the 2,440th of 11,654 in professional & technical services. In 2023, employees put in $1.52 for every $1.00 the employer contributed; active participation has shrunk from 587 to 528 since 2022.

Plan summary
Net assets, end of year$58,080,074
Participants with balances601
Active participants528
Employer contributions$7,457,379
Employee contributions$11,347,303
Employer contribution per active participant$14,124
Average account balance$96,639
Benefits paid to participants$3,961,043
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $483K emplr
2023$58.1M · 601 accts · $7.5M emplr
2022$31.6M · 603 accts · $5.2M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,183
Investment management$38,899
Total administrative$77,082
The Mirati Therapeutics, Inc. 401(k) match · 2023
Employer contribution per active participant$14,124
Median for plans this size$2,440
2023$14,124 per active participant
2022$8,821 per active participant

Mirati Therapeutics, Inc.'s 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
FIRST LIGHT RETIREMENT LLC · Investment advisory (plan)$38,899
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$38,183

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

Administrative cost history3
2024Not separately reported
2023$77,082 · 0.17%
2022$84,831 · 0.32%
Same employer
Similar plansProfessional & Technical Services · California
Telestream, LLC CA$58.7M · 0.05%
Silk Road Medical, Inc. CA$58.7M · 0.12%
Jams, Inc. CA$58.3M · 0.08%
Altos Labs, Inc. CA$57.2M · 0.10%
Macias Gini & O'Connell LLP CA$57.1M · 0.18%
Adenza, Inc. CA$56.9M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 462693615 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.