Retirement plan

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

Name: PACIFIC BIOSCIENCES OF CALIFORNIA, INC. - PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$49M

+15.0% from 2019

Total participants

490

+2.1% from 2019

Average account balance

$132,715

+13.7% from 2019

Annual return

16.04%

-7.31 pp from 2019

Benchmarks

See 2,346 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,346 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.3 years Service code 15 · EIN 27-2037969	Recordkeeping	$41,240
SAGEPOINT FINANCIAL INC6+ years Filed as: SAGEPOINT FINANCIAL, INC. Service code 27 · EIN 20-1741754	Advisory (Plan)	$24,110

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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$65K

$178 / participant

Investment mgmt$24K36.9%
Contract admin$41K63.1%

% of EOY assets

0.133%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,715

$79,519+66.9%

$95,960+38.3%

$73,412+80.8%

Participation rate

67.1%

81.2%-14.1pp

77.1%-10.0pp

72.2%-5.1pp

Annual return

16.04%

19.20%-3.2pp

91.63%-75.6pp

59.30%-43.3pp

Employer contribution / active EE

$2,048-100.0%

$2,541-100.0%

$2,234-100.0%

Participant deferral / active EE

$11,362

$4,138+174.6%

$4,167+172.7%

$3,806+198.6%

Admin fee / account holder

$177

$184-3.9%

$6,797-97.4%

$158+12.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.3 years

Service code 15 · EIN 27-2037969

Recordkeeping

$41,240

SAGEPOINT FINANCIAL INC6+ years

Filed as: SAGEPOINT FINANCIAL, INC.

Service code 27 · EIN 20-1741754

Advisory (Plan)

$24,110

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