Plan Ledger DOL Form 5500 · updated monthly

Sonoma Biotherapeutics, Inc.401(k)

SONOMA BIOTHERAPEUTICS INC 401(K) PLAN · SOUTH SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Sonoma Biotherapeutics, Inc. reported $26,585 in plan administrative expenses for 2024: 0.33% of average plan assets, below the peer median. Employer contributions averaged $5,928 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 1 year on file its reported administrative ratio fell from 0.38% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (5,597th of 9,483), and 8,147th of 11,654 in professional & technical services. In 2024, employees put in $3.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,516,319
Participants with balances136
Active participants102
Employer contributions$604,705
Employee contributions$2,172,648
Employer contribution per active participant$5,928
Average account balance$69,973
Benefits paid to participants$1,400,753
Plan auditUnmodified (clean) audit opinion
AuditorBPM LLP
Plan history2
Yearassets · accounts · employer contribution
2024$9.5M · 136 accts · $605K emplr
2023$6.7M · 139 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,557
Investment management$3,028
Total administrative$26,585
The Sonoma Biotherapeutics, Inc. 401(k) match · 2024
Employer contribution per active participant$5,928
Median for plans this size$1,313

Sonoma Biotherapeutics, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,131

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$26,585 · 0.33%
2023$19,482 · 0.38%
Same employer
Similar plansProfessional & Technical Services · California
Branch Messenger, Inc. CA$9.5M · 0.69%
Drizly LLC CA$9.5M · 0.25%
Riv Data Corp CA$9.5M · 0.07%
Fuel Cycle Inc. CA$9.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 834500565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.