Retirement plan

PURETECH MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PURETECH MANAGEMENT, INC. - PURETECH MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: PURETECH MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PURETECH MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST, PURETECH MANAGEMENT, INC.

PURETECH MANAGEMENT, INC.EIN 20-0580225Plan #001PY 2023

6 TIDE STREET, SUITE 400 - BOSTON, MA 02110617-482-2333

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$13.6M

+27.3% from 2022

Total participants

165

-14.1% from 2022

Average account balance

$85,601

+38.5% from 2022

Annual return

16.54%

+29.29 pp from 2022

Benchmarks

See 28,703 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.04M

Not enough data

1 years with asset history on file

Average account balance

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

$97K

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.

166

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.

90.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+16.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22

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 1 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP7 years Service code 12 · EIN 93-1253576	Recordkeeping and information managem...	$62,534

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.

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

$5K

$57 / participant

Contract admin$5K100.0%

% of EOY assets

0.036%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,601

$93,617-8.6%

$135,982-37.1%

$75,177+13.9%

Participation rate

93.1%

75.2%+17.9pp

81.9%+11.2pp

67.2%+25.9pp

Annual return

16.54%

30.89%-14.3pp

68.32%-51.8pp

160.75%-144.2pp

Employer contribution / active EE

$8,186

$3,538+131.3%

$4,859+68.5%

$2,671+206.5%

Participant deferral / active EE

$19,516

$6,406+204.7%

$7,760+151.5%

$4,126+373.0%

Admin fee / account holder

$31

$6,980-99.6%

$10,767-99.7%

$5,651-99.4%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP7 years

Service code 12 · EIN 93-1253576

Recordkeeping and information managem...

$62,534

PURETECH MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PURETECH MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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