Plan Ledger DOL Form 5500 · updated monthly

Prime Therapeutics LLC401(k)

PRIME THERAPEUTICS LLC 401(K) PLAN · EAGAN, MN · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Prime Therapeutics LLC reported $675,491 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $5,814 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 0.082%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other finance & insurance employers. By assets it is the 45th-largest of 1,918 plans among Minnesota employers on file, and the 199th of 4,798 in finance & insurance. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 6,281 to 7,237 since 2022.

Plan summary
Net assets, end of year$911,276,986
Participants with balances8,263
Active participants7,237
Employer contributions$42,075,170
Employee contributions$67,164,593
Employer contribution per active participant$5,814
Average account balance$110,284
Benefits paid to participants$66,554,495
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$911.3M · 8,263 accts · $42.1M emplr
2023$739.6M · 7,882 accts · $38.3M emplr
2022$527.7M · 5,737 accts · $21.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$195,138
Investment management$369,262
Audit (IQPA)$14,385
Total administrative$675,491
The Prime Therapeutics LLC 401(k) match · 2024
Employer contribution per active participant$5,814
Median for plans this size$4,294
2024$5,814 per active participant
2023$5,606 per active participant
2022$3,336 per active participant

Prime Therapeutics LLC's 2024 employer contribution ran above the $4,294 median for plans its size. 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 · 20245
FINANCIAL ENGINES · Investment advisory (plan)$369,262
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$195,138
SAGEVIEW · Consulting$69,000
BLUECROSS BLUE SHIELD ASSOCIATION · Other services$27,706
CLIFTONLARSONALLEN LLP · Accounting / audit$14,385

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$675,491 · 0.08%
2023$444,266 · 0.07%
2022$480,626 · 0.08%
Same employer
Similar plansFinance & Insurance · Minnesota
Azoa Services Corporation MN$2.1B · 0.09%
Intact Services USA LLC MN$838.1M · 0.06%
Piper Sandler Companies MN$809.0M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 260076803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.