Plan Ledger DOL Form 5500 · updated monthly

Novogene Corporation, Inc.401(k)

NOVOGENE CORPORATION, INC. 401(K) PLAN · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Novogene Corporation, Inc. reported $4,425 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,702 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 2 years on file its reported administrative ratio fell from 0.09% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (6,692nd of 9,483), and 9,417th of 11,654 in professional & technical services. In 2024, employees put in $1.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,945,300
Participants with balances240
Active participants173
Employer contributions$467,410
Employee contributions$831,448
Employer contribution per active participant$2,702
Average account balance$24,772
Benefits paid to participants$510,861
Plan auditUnmodified (clean) audit opinion
AuditorBAKER TILLY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 240 accts · $467K emplr
2023$4.5M · 235 accts · $419K emplr
2022$2.9M · 225 accts · $362K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,425
Total administrative$4,425
The Novogene Corporation, Inc. 401(k) match · 2024
Employer contribution per active participant$2,702
Median for plans this size$1,313
2024$2,702 per active participant
2023$2,419 per active participant
2022$1,928 per active participant

Novogene Corporation, Inc.'s 2024 employer contribution ran above the $1,313 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
USI SECURITIES, INC · Recordkeeping$22,267

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

Recordkeeper by year2
2024USI SECURITIES, INC
2023Transamerica

This plan has changed recordkeepers within these filings. If you left Novogene Corporation, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,425 · 0.08%
2023$3,650 · 0.10%
2022$2,475 · 0.09%
Similar plansProfessional & Technical Services · California
Lindquist LLP CA$6.0M · 0.06%
Cobalt Labs Inc CA$6.0M · 0.07%
Wolfsdorf Rosenthal LLP CA$6.0M · 0.33%
Tally Technologies, Inc. CA$5.9M · 0.13%
Varmour Networks, Inc. CA$5.9M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472149437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.