Retirement plan

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

Name: PACIFIC BIOSCIENCES OF CALIFORNIA, INC. - PACIFIC BIOSCIENCES OF CALIFORNIA, INC. 401(K) PLAN (2022) 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 2022

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$53.7M

-10.6% from 2021

Total participants

847

+10.1% from 2021

Average account balance

$82,645

-23.5% from 2021

Annual return

-16.89%

-37.29 pp from 2021

Benchmarks

See 2,389 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,389 peers

Snapshot2022

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.5 years Service code 15 · EIN 27-2037969	Recordkeeping	$60,501
SAGEPOINT FINANCIAL INC8+ years Filed as: SAGEPOINT FINANCIAL, INC. Service code 27 · EIN 20-1741754	Advisory (Plan)	$22,307
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 45 S. 7TH STREET · MINNEAPOLIS, MN 55402	Trustee (bank, trust company, or simi...	$16,402

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$99K

$149 / participant

Investment mgmt$22K22.5%
Contract admin$61K61.0%
Other / not subdivided$16K16.5%

% of EOY assets

0.185%

all-in expense ratio

Categories reported

2 / 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

$82,645

$72,303+14.3%

$86,691-4.7%

$64,814+27.5%

Participation rate

70.5%

80.4%-10.0pp

76.6%-6.1pp

71.5%-1.0pp

Annual return

-16.89%

392.77%-409.7pp

35.94%-52.8pp

32.84%-49.7pp

Employer contribution / active EE

$2,393-100.0%

$2,837-100.0%

$2,507-100.0%

Participant deferral / active EE

$13,223

$4,660+183.8%

$4,656+184.0%

$4,310+206.8%

Admin fee / account holder

$153

$174-12.3%

$7,492-98.0%

$188-18.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 27-2037969

Recordkeeping

$60,501

SAGEPOINT FINANCIAL INC8+ years

Filed as: SAGEPOINT FINANCIAL, INC.

Service code 27 · EIN 20-1741754

Advisory (Plan)

$22,307

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 12

45 S. 7TH STREET · MINNEAPOLIS, MN 55402

Trustee (bank, trust company, or simi...

$16,402

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