Personnel expenses consist of the following:


	Year ended December 31,
	2025			2024			2023
	(Euros in thousands)
Wages and salaries
Research and development expenses		(60,409	)		(48,906	)		(37,770	)
General and administrative expenses		(15,591	)		(13,109	)		(11,224	)
Total Wages and salaries		(76,000	)		(62,015	)		(48,994	)
Other employee benefits
Research and development expenses		(8,840	)		(7,364	)		(4,802	)
General and administrative expenses		(3,218	)		(2,321	)		(1,824	)
Total other employee benefits		(12,058	)		(9,685	)		(6,626	)
Share-based compensation expenses
Research and development expenses		(7,538	)		(9,587	)		(11,972	)
General and administrative expenses		(7,477	)		(8,055	)		(8,733	)
Total share-based compensation expenses		(15,015	)		(17,642	)		(20,705	)
Total		(103,073	)		(89,342	)		(76,325	)

Other employee benefits include employee retirement fund contributions, health insurance, and statutory social expenses. Immatics sponsors a defined contribution retirement plan for employees in Germany and the United States. During 2025, 2024 and 2023, total Group contributions to the defined contribution plan amounted to €2.2 million, €1.6 million and €0.5 million, respectively.

For the years ended December 31, 2025, 2024 and 2023, other employee benefits also include employee health insurance costs amounting to €2.5 million, €1.8 million and €1.3 million for Immatics US, Inc., statutory social expenses amounting to €5.7 million, €5.0 million and €3.7 million for our German operations and other miscellaneous expenses amounting to €0.4 million, €0.3 million and €0.2 million, respectively.