Sumitomo Pharma America, Inc.401(k)
MY 401(K) PLAN · MARLBOROUGH, MA · plan year 2023
Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works
Sumitomo Pharma America, Inc. reported $245,357 in plan administrative expenses for 2023: 0.04% of average plan assets, below the peer median. Employer contributions averaged $9,109 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 0.04% to 0.03%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,601 comparable plans and shown alongside other manufacturing employers. By assets it is the 91st-largest of 2,726 plans among Massachusetts employers on file, and the 471st of 13,661 in manufacturing. In 2023, employees put in $1.61 for every $1.00 the employer contributed.
Sumitomo Pharma America, Inc.'s 2023 employer contribution ran above the $4,362 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 222536587 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.