Plan Ledger DOL Form 5500 · updated monthly

Nektar Therapeutics401(k)

NEKTAR THERAPEUTICS 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Nektar Therapeutics reported $45,341 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $21,395 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 0.01% to 0.03%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 731st-largest of 9,483 plans among California employers on file, and the 1,078th of 11,654 in professional & technical services. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has shrunk from 212 to 64 since 2022.

Plan summary
Net assets, end of year$143,546,704
Participants with balances773
Active participants64
Employer contributions$1,369,250
Employee contributions$2,626,906
Employer contribution per active participant$21,395
Average account balance$185,701
Benefits paid to participants$17,065,011
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$143.5M · 773 accts · $1.4M emplr
2023$133.6M · 859 accts · $1.4M emplr
2022$120.7M · 988 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$45,341
Total administrative$45,341
The Nektar Therapeutics 401(k) match · 2024
Employer contribution per active participant$21,395
Median for plans this size$3,635
2024$21,395 per active participant
2023$10,778 per active participant
2022$11,894 per active participant

Nektar Therapeutics'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$45,341

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$45,341 · 0.03%
2023$13,647 · 0.01%
2022Not separately reported
Same employer
Similar plansProfessional & Technical Services · California
Alorica, Inc. CA$145.6M · 0.28%
Bill Holdings, Inc. CA$143.4M · 0.11%
Cohesity, Inc. CA$142.7M · 0.06%
Earthjustice CA$142.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943134940 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.