Sorrento Therapeutics, Inc.401(k)
SORRENTO THERAPEUTICS, INC. 401(K) PLAN · SAN DIEGO, CA · plan year 2022
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Sorrento Therapeutics, Inc. reported $7,640 in plan administrative expenses for 2022: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,354 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 rose from 0.03% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other professional & technical services employers. By assets it is the 2,657th-largest of 9,483 plans among California employers on file, and the 4,153rd of 11,654 in professional & technical services. In 2022, employees put in $2.62 for every $1.00 the employer contributed.
Sorrento Therapeutics, Inc.'s 2022 employer contribution ran above the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 330344842 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.