Twist Bioscience Corporation401(k)
TWIST BIOSCIENCE CORPORATION 401(K) PLAN · SOUTH SANFRANCISCO, CA · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Twist Bioscience Corporation reported $181,950 in plan administrative expenses for 2023: 0.28% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,220 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 fell from 0.53% to 0.28%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,222nd-largest of 9,483 plans among California employers on file, and the 1,875th of 11,654 in professional & technical services. In 2023, employees put in $3.90 for every $1.00 the employer contributed; active participation has grown from 542 to 858 since 2020.
Twist Bioscience Corporation's 2023 employer contribution ran below the $3,659 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.
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.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 462058888 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.