Plan Ledger DOL Form 5500 · updated monthly

Sarcos Technology and Robotics Corporation401(k)

SARCOS TECHNOLOGY AND ROBOTICS CORPORATION 401(K) RETIREMENT PLAN · SALT LAKE CITY, UT · plan year 2023

Reported admin expense ratio · 2023
0.49%

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

Sarcos Technology and Robotics Corporation reported $57,785 in plan administrative expenses for 2023: 0.49% of average plan assets, higher than ~75% of peers. Employer contributions averaged $7,228 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 has held roughly steady near 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is the 315th-largest of 848 plans among Utah employers on file, and the 6,131st of 13,661 in manufacturing. In 2023, employees put in $1.92 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,925,675
Participants with balances303
Active participants206
Employer contributions$1,488,887
Employee contributions$2,858,227
Employer contribution per active participant$7,228
Average account balance$62,461
Benefits paid to participants$2,824,930
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$14.8M · 211 accts · $641K emplr
2023$18.9M · 303 accts · $1.5M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,412
Investment management$37,373
Total administrative$57,785
The Sarcos Technology and Robotics Corporation 401(k) match · 2023
Employer contribution per active participant$7,228
Median for plans this size$2,440
2024$7,913 per active participant
2023$7,228 per active participant

Sarcos Technology and Robotics Corporation's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
SAGEVIEW ADVISORY GROUP, LLC · Investment advisory (plan)$37,373

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

Administrative cost history2
2024$79,357 · 0.47%
2023$57,785 · 0.49%
Similar plansManufacturing · Utah
Sweet Candy Company UT$21.3M · 0.41%
Modere, Inc. UT$20.4M · 0.54%
Amsco Windows UT$20.3M · 0.01%
Dynatronics Corporation UT$17.4M · 0.00%
Modere, Inc. UT$16.7M · 0.49%
Jd Machine, Inc. UT$16.5M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 852838301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.