Retirement plan

EXAGEN INC. 401(K) PLAN

Name: EXAGEN INC. - EXAGEN INC. 401(K) PLAN (2021) Form 5500
Creator: EXAGEN INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EXAGEN INC. 401(K) PLAN, EXAGEN INC.

EXAGEN INC.EIN 20-0434866Plan #002PY 2021

1261 LIBERTY WAY - VISTA, CA 92081760-477-5288exagen.comLinkedIn51-200 employeesbiotechnology

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$11.7M

No prior year

Total participants

260

No prior year

Average account balance

$45,191

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.28M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

281

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$223

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
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$20,692
GOLDLEAF PARTNERS1+ years Filed as: GOLDLEAF PARTNERS SERVICES INC Service code 13 · EIN 45-0514557	Contract Administrator	$18,840
LOCKTON INVESTMENT ADVISORS, LLC1+ years Filed as: LOCKTON INVESTMENT ADVISORS Service code 27 · EIN 20-8874282	Advisory (Plan)	$18,436
ASCENSUS LLC1+ years Filed as: ASCENSUS Service code 13 · EIN 82-3719843	Contract Administrator	$5,725

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$48K

$235 / participant

Contract admin$48K100.0%

% of EOY assets

0.406%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES, INC.
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,191

$61,172-26.1%

$185,851-75.7%

$79,389-43.1%

Participation rate

99.5%

66.6%+32.9pp

81.7%+17.8pp

70.7%+28.8pp

Annual return

0.00%

19.45%-19.4pp

122.11%-122.1pp

116.89%-116.9pp

Employer contribution / active EE

$3,226

$2,321+39.0%

$5,168-37.6%

$2,428+32.9%

Participant deferral / active EE

$7,038

$2,788+152.5%

$5,569+26.4%

$4,046+74.0%

Admin fee / account holder

$183

$710-74.2%

$16,245-98.9%

$626-70.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$20,692

GOLDLEAF PARTNERS1+ years

Filed as: GOLDLEAF PARTNERS SERVICES INC

Service code 13 · EIN 45-0514557

Contract Administrator

$18,840

LOCKTON INVESTMENT ADVISORS, LLC1+ years

Filed as: LOCKTON INVESTMENT ADVISORS

Service code 27 · EIN 20-8874282

Advisory (Plan)

$18,436

ASCENSUS LLC1+ years

Filed as: ASCENSUS

Service code 13 · EIN 82-3719843

Contract Administrator

$5,725

EXAGEN INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EXAGEN 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