Sumitomo Pharma America Holdings, Inc.401(k)
MY 401(K) PLAN · MARLBOROUGH, MA · plan year 2022
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Sumitomo Pharma America Holdings, Inc. reported $230,156 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,263 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.
The plan sits in the $250M–$1B size bracket, benchmarked here against 2,568 comparable plans and shown alongside other manufacturing employers. By assets it is the 115th-largest of 2,726 plans among Massachusetts employers on file, and the 567th of 13,661 in manufacturing. In 2022, employees put in $1.58 for every $1.00 the employer contributed.
Sumitomo Pharma America Holdings, Inc.'s 2022 employer contribution ran above the $4,065 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 270534130 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.