Plan Ledger DOL Form 5500 · updated monthly

Sirtex Medical, Inc.401(k)

SIRTEX MEDICAL INC. 401(K) PROFIT SHARING PLAN · WOBURN, MA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Sirtex Medical, Inc. reported $116,855 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $7,160 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 0.35% to 0.38%. 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 954th-largest of 2,726 plans among Massachusetts employers on file, and the 4,242nd of 13,661 in manufacturing. In 2024, employees put in $2.12 for every $1.00 the employer contributed; active participation has grown from 158 to 197 since 2022.

Plan summary
Net assets, end of year$32,376,797
Participants with balances224
Active participants197
Employer contributions$1,410,489
Employee contributions$2,986,608
Employer contribution per active participant$7,160
Average account balance$144,539
Benefits paid to participants$4,775,113
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.4M · 224 accts · $1.4M emplr
2023$28.4M · 205 accts · $1.2M emplr
2022$23.8M · 189 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,855
Total administrative$116,855
The Sirtex Medical, Inc. 401(k) match · 2024
Employer contribution per active participant$7,160
Median for plans this size$2,416
2024$7,160 per active participant
2023$6,511 per active participant
2022$11,653 per active participant

Sirtex 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$116,854
LPL FINANCIAL LLC · Other servicesindirect comp

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$116,855 · 0.38%
2023$96,907 · 0.37%
2022$91,392 · 0.35%
Same employer
Similar plansManufacturing · Massachusetts
Morphosys US Inc. MA$34.2M · 0.10%
Medica Corporation MA$33.6M · 0.09%
Wood Fiber Holdings, Inc. MA$33.5M · 0.26%
Partner Therapeutics, Inc. MA$32.4M · 0.02%
Lenze Americas Corporation MA$32.1M · 0.11%
Desktop Metal, Inc. MA$31.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510410239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.