Retirement plan

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN

Name: PACIFIC BIOSCIENCES OF CALIFORNIA, INC. - PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN (2024) Form 5500
Creator: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN, PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.EIN 16-1590339Plan #001PY 2024

1305 O'BRIEN DRIVE - MENLO PARK, CA 94025650-521-8203LinkedIn1-10 employeesresearch

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$72.7M

+9.6% from 2023

Total participants

748

-16.0% from 2023

Average account balance

$117,873

+21.9% from 2023

Annual return

16.12%

-6.06 pp from 2023

Benchmarks

See 2,381 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,381 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$72.73M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$118K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

617

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

72.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.12%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$170

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.7 years Service code 15 · EIN 27-2037969	Recordkeeping	$64,741
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Account maintenance fees; Trustee (ba...	$21,292
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH, INC. Service code 27 18700 N. HAYDEN ROAD · SCOTTSDALE, AZ 85255	Advisory (Plan)	$9,555
SAGEPOINT FINANCIAL INC10+ years Filed as: SAGEPOINT FINANCIAL, INC. Service code 27 · EIN 20-1741754	Advisory (Plan)	$9,555

Plan features & details

Pension benefit codes2E2F2G2J2T3D3F

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$105K

$219 / participant

Recordkeeping$12K11.4%
Trustee / custodial$21K20.3%
Investment mgmt$24K22.9%
Contract admin$48K45.4%

% of EOY assets

0.145%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,873

$89,067+32.3%

$102,423+15.1%

$77,714+51.7%

Participation rate

72.8%

80.9%-8.2pp

76.5%-3.7pp

70.6%+2.2pp

Annual return

16.12%

25.01%-8.9pp

29.42%-13.3pp

31.26%-15.1pp

Employer contribution / active EE

$2,699-100.0%

$3,023-100.0%

$2,727-100.0%

Participant deferral / active EE

$16,943

$5,147+229.2%

$5,054+235.2%

$4,649+264.4%

Admin fee / account holder

$170

$236-27.7%

$9,455-98.2%

$433-60.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7 years

Service code 15 · EIN 27-2037969

Recordkeeping

$64,741

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

Account maintenance fees; Trustee (ba...

$21,292

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH, INC.

Service code 27

18700 N. HAYDEN ROAD · SCOTTSDALE, AZ 85255

Advisory (Plan)

$9,555

SAGEPOINT FINANCIAL INC10+ years

Filed as: SAGEPOINT FINANCIAL, INC.

Service code 27 · EIN 20-1741754

Advisory (Plan)

$9,555

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion