Plan Ledger DOL Form 5500 · updated monthly

Sphera Solutions, Inc.401(k)

SPHERA SOLUTIONS INC. 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Sphera Solutions, Inc. reported $54,972 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $5,670 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 3 years on file its reported administrative ratio has held roughly steady near 0.090%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other information & media employers. By assets it is the 754th-largest of 3,702 plans among Illinois employers on file, and the 421st of 2,199 in information & media. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$65,637,869
Participants with balances513
Active participants372
Employer contributions$2,109,176
Employee contributions$4,435,356
Employer contribution per active participant$5,670
Average account balance$127,949
Benefits paid to participants$7,756,623
Plan auditUnmodified (clean) audit opinion
AuditorSIKICH CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$65.6M · 513 accts · $2.1M emplr
2023$56.4M · 472 accts · $1.9M emplr
2022$46.0M · 452 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,972
Total administrative$54,972
The Sphera Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$5,670
Median for plans this size$3,635
2024$5,670 per active participant
2023$5,079 per active participant
2022$4,072 per active participant

Sphera Solutions, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,972

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$54,972 · 0.09%
2023$43,653 · 0.09%
2022$46,652 · 0.09%
Same employer
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Imanage LLC IL$90.3M · 0.26%
Wolfram Research, Inc. IL$82.4M · 0.04%
Tyndale House Ministries IL$62.9M · 0.15%
Weigel Broadcasting Co. IL$53.7M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812536018 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.