Plan Ledger DOL Form 5500 · updated monthly

Salk Institute for Biological Studies403(b)

THE SALK INSTITUTE RETIREMENT PLAN · LA JOLLA, CA · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Salk Institute for Biological Studies reported $236,551 in plan administrative expenses for 2024: 0.08% of average plan assets, above the peer median. Employer contributions averaged $6,125 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 rose from 0.06% to 0.08%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other professional & technical services employers. By assets it is the 398th-largest of 9,483 plans among California employers on file, and the 542nd of 11,654 in professional & technical services. In 2024, the employer put in $1.02 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$311,082,336
Participants with balances1,917
Active participants806
Employer contributions$4,936,713
Employee contributions$4,846,751
Employer contribution per active participant$6,125
Average account balance$162,276
Benefits paid to participants$40,233,557
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$311.1M · 1,917 accts · $4.9M emplr
2023$299.2M · 1,885 accts · $4.9M emplr
2022$263.6M · 1,934 accts · $4.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$130,798
Investment management$43,845
Audit (IQPA)$27,609
Total administrative$236,551
Employer contributions to the Salk Institute for Biological Studies plan · 2024
Employer contribution per active participant$6,125
Median for plans this size$4,294
2024$6,125 per active participant
2023$5,663 per active participant
2022$5,320 per active participant

Salk Institute for Biological Studies'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 · 20244
FIDELITY INVESTMENTS · Loan processing$110,167
TIAA - TEACHERS INSURANCE AND ANNUI · Loan processing$58,082
MULTNOMAH GROUP, INC · Investment advisory (plan) · Investment advisory (participants)$43,845
MOSS ADAMS LLP · Accounting / audit$22,759

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$236,551 · 0.08%
2023$243,292 · 0.09%
2022$172,073 · 0.06%
Same employer
Similar plansProfessional & Technical Services · California
Coinbase, Inc. CA$328.2M · 0.08%
Ionis Pharmaceuticals, Inc. CA$316.0M · 0.03%
Wind River Systems, Inc. CA$314.1M · 0.00%
Rakuten USA CA$310.5M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952160097 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.