Retirement plan

AQUINNAH PHARMACEUTICALS, INC. 401(K) PLAN

Name: AQUINNAH PHARMACEUTICALS, INC. - AQUINNAH PHARMACEUTICALS, INC. 401(K) PLAN (2023) Form 5500
Creator: AQUINNAH PHARMACEUTICALS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AQUINNAH PHARMACEUTICALS, INC. 401(K) PLAN, AQUINNAH PHARMACEUTICALS, INC.

AQUINNAH PHARMACEUTICALS, INC.EIN 46-5070024Plan #001PY 2023

650 E. KENDALL STREET, 2ND FLOOR - CAMBRIDGE, MA 02142617-416-0530aquinnahpharmaceuticals.comLinkedIn11-50 employeesbiotechnology

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$657K

+50.6% from 2022

Total participants

+20.0% from 2022

Average account balance

$41,093

+41.2% from 2022

Annual return

18.52%

+36.85 pp from 2022

Benchmarks

See 8,683 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants<25

Cohort8,683 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$885K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$135K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.17%

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 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

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$688

$53 / participant

Other / not subdivided$688100.0%

% of EOY assets

0.105%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$41,093

$118,496-65.3%

$98,461-58.3%

$139,466-70.5%

Participation rate

84.6%

77.5%+7.2pp

75.2%+9.4pp

80.3%+4.3pp

Annual return

18.52%

18.96%-0.4pp

21.17%-2.7pp

373.66%-355.1pp

Employer contribution / active EE

$3,611-100.0%

$3,049-100.0%

$4,754-100.0%

Participant deferral / active EE

$10,764

$5,393+99.6%

$4,738+127.2%

$6,712+60.4%

Admin fee / account holder

$43

$14,056-99.7%

$8,961-99.5%

$11,409-99.6%

AQUINNAH PHARMACEUTICALS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AQUINNAH PHARMACEUTICALS, 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