Plan Ledger DOL Form 5500 · updated monthly

Xencor, Inc.401(k)

XENCOR, INC. 401(K) PLAN · PASADENA, CA · plan year 2024

Employer contribution per participant · 2024
$6,474

Xencor, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $47,703,340 across 340 participant accounts, with employer contributions averaging $6,474 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 1 year on file its reported administrative ratio fell from 0.26% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,837th-largest of 9,483 plans among California employers on file, and the 3,268th of 13,661 in manufacturing. In 2024, employees put in $2.97 for every $1.00 the employer contributed; active participation has shrunk from 281 to 250 since 2022.

Plan summary
Net assets, end of year$47,703,340
Participants with balances340
Active participants250
Employer contributions$1,618,515
Employee contributions$4,811,025
Employer contribution per active participant$6,474
Average account balance$140,304
Benefits paid to participants$3,084,266
Plan auditUnmodified (clean) audit opinion
AuditorMAGINNIS KNECHTEL & MCINTYRE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$47.7M · 340 accts · $1.6M emplr
2023$37.7M · 354 accts · $1.7M emplr
2022$25.8M · 349 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Investment management$12,773
Total administrative-$9,946
The Xencor, Inc. 401(k) match · 2024
Employer contribution per active participant$6,474
Median for plans this size$2,416
2024$6,474 per active participant
2023$5,946 per active participant
2022$4,961 per active participant

Xencor, 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.

Service providers · 20242
MORGAN STANLEY CAPITAL MANAGEMENT, · Investment advisory (plan)$12,773
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect comp

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

Administrative cost history3
2024Not separately reported
2023$12,436 · 0.04%
2022$65,992 · 0.26%
Same employer
Similar plansManufacturing · California
Atara Biotherapeutics, Inc. CA$48.9M · 0.21%
Scaled Composites, LLC CA$48.9M · 0.28%
Endologix LLC CA$48.5M · 0.39%
Foley Family Wines, Inc. CA$47.8M · 0.43%
Archer Aviation Inc. CA$47.4M · 0.04%
Dialog Semiconductor Inc. CA$47.2M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201622502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.