Plan Ledger DOL Form 5500 · updated monthly

Wave Life Sciences USA, Inc.401(k)

WAVE LIFE SCIENCES USA, INC. 401(K) PLAN · CAMBRIDGE, MA · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Wave Life Sciences USA, Inc. reported $2,740 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,302 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 0.010% to 0.008%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 808th-largest of 2,726 plans among Massachusetts employers on file, and the 3,227th of 11,654 in professional & technical services. In 2024, employees put in $3.05 for every $1.00 the employer contributed; active participation has grown from 243 to 273 since 2022.

Plan summary
Net assets, end of year$41,187,243
Participants with balances385
Active participants273
Employer contributions$1,447,509
Employee contributions$4,416,589
Employer contribution per active participant$5,302
Average account balance$106,980
Benefits paid to participants$2,265,595
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$41.2M · 385 accts · $1.4M emplr
2023$31.4M · 366 accts · $1.3M emplr
2022$23.3M · 375 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,740
Total administrative$2,740
The Wave Life Sciences USA, Inc. 401(k) match · 2024
Employer contribution per active participant$5,302
Median for plans this size$2,416
2024$5,302 per active participant
2023$5,159 per active participant
2022$4,771 per active participant

Wave Life Sciences USA, Inc.'s 2024 employer contribution ran above the $2,416 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.

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 · 20241
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$2,740

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$2,740 · 0.01%
2023$6,435 · 0.02%
2022$2,219 · 0.01%
Same employer
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Nasuni Corporation MA$41.9M · 0.18%
J2 Interactive, LLC MA$41.8M · 0.18%
Sumaria Systems, LLC MA$41.1M · 0.28%
Cerence Operating Company MA$40.2M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271038236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.