Retirement plan

PRIME THERAPEUTICS LLC 401(K) PLAN

Name: PRIME THERAPEUTICS - PRIME THERAPEUTICS LLC 401(K) PLAN (2022) Form 5500
Creator: PRIME THERAPEUTICS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIME THERAPEUTICS LLC 401(K) PLAN, PRIME THERAPEUTICS

PRIME THERAPEUTICSEIN 26-0076803Plan #001PY 2022

2900 AMES CROSSING ROAD - EAGAN, MN 55121612-777-5823primetherapeutics.comLinkedIn1001-5000 employeesinsurance

Prospect flagsLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$527.7M

-16.8% from 2016

Total participants

7,502

+15.2% from 2016

Average account balance

$91,986

-27.8% from 2016

Annual return

-15.32%

-10.31 pp from 2016

Benchmarks

See 97 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort97 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$911.28M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

8,263

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$109.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+17.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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 5 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES7 years Service code 27 · EIN 77-0473565	Advisory (Plan)	$192,828
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$154,908
SAGEVIEW ADVISORY GROUP, LLC7 years Filed as: SAGEVIEW Service code 16 · EIN 33-0818667	Consulting	$86,250
BLUE CROSS BLUE SHIELD ASSOCIATION8+ years Filed as: BLUECROSS BLUE SHIELD ASSOCIATION Service code 49 · EIN 13-5656874	Other Services	$32,347
CLIFTONLARSONALLEN LLP2 years Service code 16 · EIN 41-0746749	Consulting	$11,340

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$481K

$77 / participant

Other / not subdivided$481K100.0%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,986

$119,153-22.8%

$151,634-39.3%

$78,104+17.8%

Participation rate

71.9%

92.5%-20.6pp

87.5%-15.6pp

74.5%-2.6pp

Annual return

-15.32%

-10.83%-4.5pp

3.32%-18.6pp

10.90%-26.2pp

Employer contribution / active EE

$3,336

$5,298-37.0%

$6,165-45.9%

$3,128+6.7%

Participant deferral / active EE

$5,514

$8,624-36.1%

$8,363-34.1%

$5,089+8.4%

Admin fee / account holder

$84

$69+21.8%

$11,614-99.3%

$79+6.1%

Provider

Service type

Compensation

FINANCIAL ENGINES7 years

Service code 27 · EIN 77-0473565

Advisory (Plan)

$192,828

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

$154,908

SAGEVIEW ADVISORY GROUP, LLC7 years

Filed as: SAGEVIEW

Service code 16 · EIN 33-0818667

Consulting

$86,250

BLUE CROSS BLUE SHIELD ASSOCIATION8+ years

Filed as: BLUECROSS BLUE SHIELD ASSOCIATION

Service code 49 · EIN 13-5656874

Other Services

$32,347

CLIFTONLARSONALLEN LLP2 years

Service code 16 · EIN 41-0746749

Consulting

$11,340

PRIME THERAPEUTICS LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIME THERAPEUTICS LLC 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