Plan Ledger DOL Form 5500 · updated monthly

Taconic Biosciences, Inc.401(k)

TACONIC BIOSCIENCES, INC. 401(K) PROFIT SHARING PLAN & TRUST · RENSSELAER, NY · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Taconic Biosciences, Inc. reported $153,555 in plan administrative expenses for 2024: 0.19% of average plan assets, above the peer median. Employer contributions averaged $2,665 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 0.189%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 907th-largest of 5,648 plans among New York employers on file, and the 55th of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$85,554,107
Participants with balances751
Active participants502
Employer contributions$1,337,695
Employee contributions$3,071,084
Employer contribution per active participant$2,665
Average account balance$113,920
Benefits paid to participants$7,244,153
Plan auditUnmodified (clean) audit opinion
AuditorBST & CO. CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$85.6M · 751 accts · $1.3M emplr
2023$76.5M · 818 accts · $1.3M emplr
2022$65.4M · 843 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,055
Investment management$12,500
Audit (IQPA)$17,000
Total administrative$153,555
The Taconic Biosciences, Inc. 401(k) match · 2024
Employer contribution per active participant$2,665
Median for plans this size$3,635
2024$2,665 per active participant
2023$2,346 per active participant
2022$2,223 per active participant

Taconic Biosciences, Inc.'s 2024 employer contribution ran below 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$124,055
BST & CO. CPAS, LLP · Accounting / audit$17,000
GREENSPRING ADVISORS LLC · Consulting$12,500
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$153,555 · 0.19%
2023$133,559 · 0.19%
2022$142,070 · 0.19%
Same employer
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Lewis Tree Service, Inc. NY$353.6M · 0.01%
Wm. Bolthouse Farms, Inc. CA$89.0M · 0.29%
Team Brandt, LLC IL$88.0M · 0.03%
Bailey Nurseries, Inc. MN$84.1M · 0.11%
Citrus World, Inc. FL$83.5M · 0.32%
Metrolina Greenhouses, Inc. NC$83.0M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 141381104 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.