Plan Ledger DOL Form 5500 · updated monthly

Leerink Partners LLC401(k)

SVB SECURITIES 401(K) PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Leerink Partners LLC reported $115,978 in plan administrative expenses for 2024: 0.16% of average plan assets, above the peer median. Employer contributions averaged $1,861 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 fell from 0.17% to 0.16%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 511th-largest of 2,726 plans among Massachusetts employers on file, and the 1,224th of 4,798 in finance & insurance. In 2024, employees put in $9.28 for every $1.00 the employer contributed; active participation has shrunk from 446 to 343 since 2022.

Plan summary
Net assets, end of year$76,095,595
Participants with balances556
Active participants343
Employer contributions$638,315
Employee contributions$5,921,890
Employer contribution per active participant$1,861
Average account balance$136,863
Benefits paid to participants$10,772,141
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$76.1M · 556 accts · $638K emplr
2023$67.3M · 554 accts · $785K emplr
2022$57.9M · 631 accts · $468K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,902
Audit (IQPA)$33,076
Total administrative$115,978
The Leerink Partners LLC 401(k) match · 2024
Employer contribution per active participant$1,861
Median for plans this size$3,635
2024$1,861 per active participant
2023$2,401 per active participant
2022$1,050 per active participant

Leerink Partners LLC's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20245
GALLAGHER BENEFIT SERVICES · Investment advisory (plan)$76,687
BAKER TILLY VIRCHOW KRAUSE, LLP · Accounting / audit$33,076
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,341
THE ANGELL PENSION GROUP INC · Contract administrator$750

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$115,978 · 0.16%
2023$133,320 · 0.21%
2022$98,452 · 0.17%
Same employer
Similar plansFinance & Insurance · Massachusetts
The Andover Companies MA$80.4M · 0.00%
Harborone Bank MA$80.3M · 0.18%
Bay Coast Bank MA$78.3M · 0.18%
Cambridge Trust Company MA$73.7M · 0.23%
Needham Bank MA$69.0M · 0.13%
Peoplesbank MA$68.9M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421738148 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.