Plan Ledger DOL Form 5500 · updated monthly

Spi Pharma401(k)

SPI PHARMA 401(K) PLAN · WILMINGTON, DE · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Spi Pharma reported $142,209 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $9,676 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 0.24% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 51st-largest of 242 plans among Delaware employers on file, and the 2,876th of 13,661 in manufacturing. In 2024, the employer put in $1.11 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$56,577,194
Participants with balances308
Active participants202
Employer contributions$1,954,508
Employee contributions$1,754,879
Employer contribution per active participant$9,676
Average account balance$183,692
Benefits paid to participants$4,633,236
Plan auditUnmodified (clean) audit opinion
AuditorGELMAN, ROSENBERG AND FREEDMAN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$56.6M · 308 accts · $2.0M emplr
2023$50.2M · 320 accts · $1.9M emplr
2022$43.0M · 333 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,391
Investment management$41,250
Audit (IQPA)$22,568
Total administrative$142,209
The Spi Pharma 401(k) match · 2024
Employer contribution per active participant$9,676
Median for plans this size$3,635
2024$9,676 per active participant
2023$8,617 per active participant
2022$8,910 per active participant

Spi Pharma's 2024 employer contribution ran above the $3,635 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 · 20243
JOHN HANCOCK RETIREMENT PLAN SRVCS · Recordkeeping · Loan processing$79,642
SNOWDEN CAPITAL ADVISORS LLC · Investment advisory (plan)$40,000
GELMAN, ROSENBERG AND FREEDMAN, PC · Accounting / audit$22,568

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$142,209 · 0.27%
2023$116,475 · 0.25%
2022$116,017 · 0.24%
Same employer
Similar plansManufacturing · Delaware
Dupont Polymer Products, LLC DE$115.6M · 0.09%
Taghleef Industries, Inc. DE$72.2M · 0.10%
New Ilc Dover Inc. DE$68.9M · 0.18%
Noramco LLC DE$66.0M · 0.07%
Iko Industries, Inc. DE$43.2M · 0.50%
The Lycra Company LLC DE$42.6M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510108237 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.