Plan Ledger DOL Form 5500 · updated monthly

Outset Medical, Inc.401(k)

OUTSET MEDICAL 401(K) PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Outset Medical, Inc. reported $78,815 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $4,223 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 0.247%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 2,460th-largest of 9,483 plans among California employers on file, and the 4,138th of 13,661 in manufacturing. In 2024, employees put in $3.47 for every $1.00 the employer contributed; active participation has shrunk from 511 to 342 since 2022.

Plan summary
Net assets, end of year$33,750,665
Participants with balances561
Active participants342
Employer contributions$1,444,331
Employee contributions$5,013,196
Employer contribution per active participant$4,223
Average account balance$60,162
Benefits paid to participants$7,918,103
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.8M · 561 accts · $1.4M emplr
2023$30.0M · 635 accts · $1.7M emplr
2022$19.2M · 576 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,498
Investment management$63,317
Total administrative$78,815
The Outset Medical, Inc. 401(k) match · 2024
Employer contribution per active participant$4,223
Median for plans this size$2,416
2024$4,223 per active participant
2023$3,527 per active participant
2022$2,678 per active participant

Outset Medical, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
401K ADVISORS INC · Recordkeeping · Trustee$63,316
ADP, INC. · Loan processing · Recordkeeping$15,498

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

Recordkeeper by year2
2024401K ADVISORS INC, ADP
2023401K ADVISORS INC, ADP

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Administrative cost history3
2024$78,815 · 0.25%
2023$57,893 · 0.24%
2022$44,399 · 0.25%
Same employer
Similar plansManufacturing · California
Wente Vineyards CA$33.9M · 0.43%
Dana Innovations, Inc. CA$33.9M · 0.15%
Careismatic Brands, Inc. CA$33.9M · 0.40%
Zymergen Inc. CA$33.6M · 0.07%
Inova Diagnostics, Inc. CA$33.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200514392 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.