Retirement plan

IGEM FOUNDATION 401(K) PLAN

Name: IGEM FOUNDATION - IGEM FOUNDATION 401(K) PLAN (2020) Form 5500
Creator: IGEM FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IGEM FOUNDATION 401(K) PLAN, IGEM FOUNDATION

IGEM FOUNDATIONEIN 45-2313408Plan #001PY 2020

45 PROSPECT STREET - CAMBRIDGE, MA 02139617-500-3106

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$392K

+43.1% from 2019

Total participants

-22.2% from 2019

Average account balance

$65,397

+43.1% from 2019

Annual return

19.09%

-11.67 pp from 2019

Benchmarks

See 6,196 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants<25

Cohort6,196 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$736K

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J

Plan features

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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,397

$81,664-19.9%

$70,476-7.2%

$158,966-58.9%

Participation rate

83.3%

77.7%+5.6pp

75.1%+8.3pp

82.0%+1.4pp

Annual return

19.09%

208.59%-189.5pp

109.12%-90.0pp

302.95%-283.9pp

Employer contribution / active EE

$3,905

$3,219+21.3%

$2,738+42.6%

$4,762-18.0%

Participant deferral / active EE

$7,063

$4,556+55.0%

$3,710+90.4%

$5,983+18.0%

Admin fee / account holder

$6,197-100.0%

$3,847-100.0%

$11,250-100.0%

IGEM FOUNDATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

IGEM FOUNDATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion