Retirement plan

BIOTECHNOLOGY INNOVATION ORGANIZATION RETIREMENT 401(K) PLAN

Name: BIOTECHNOLOGY INNOVATION ORGANIZATION - BIOTECHNOLOGY INNOVATION ORGANIZATION RETIREMENT 401(K) PLAN (2023) Form 5500
Creator: BIOTECHNOLOGY INNOVATION ORGANIZATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIOTECHNOLOGY INNOVATION ORGANIZATION RETIREMENT 401(K) PLAN, BIOTECHNOLOGY INNOVATION ORGANIZATION

BIOTECHNOLOGY INNOVATION ORGANIZATIONEIN 52-1224577Plan #001PY 2023

1201 MARYLAND AVE SW, SUITE 900 - WASHINGTON, DC 20024202-962-9200bio.orgLinkedIn51-200 employeesbiotechnology

Prospect flagsFailed to transmit contributions

Top hat statement on fileNQDC

Filed November 6, 2024 (most recent of 2 filings on file)

Plan administrator

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1201 New York Avenue NW, Suite 1300

DC, DC 20005

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Plans declared (1)

457f Plan1 emp

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Total assets (EOY)

$39.7M

+18.8% from 2022

Total participants

289

+3.6% from 2022

Average account balance

$144,401

+11.0% from 2022

Annual return

20.55%

+37.53 pp from 2022

Benchmarks

See 1,919 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,919 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.09M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

258

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$36K

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

+14.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$211

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
GALLAGHER FIDUCIARY ADVISORS, LLC2 years Filed as: GALLAGHER FIDUCIARY ADVISORS LLC Service code 27 · EIN 36-4291971	Advisory (Plan)	$32,000
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	$15,903

Plan features & details

Pension benefit codes2F2G2J2T3D2E

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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$48K

$315 / participant

Recordkeeping$16K33.2%
Investment mgmt$32K66.8%

% of EOY assets

0.121%

all-in expense ratio

Categories reported

2 / 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: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,401

$58,264+147.8%

$86,617+66.7%

$71,495+102.0%

Participation rate

90.8%

65.0%+25.8pp

71.7%+19.1pp

67.9%+22.9pp

Annual return

20.55%

21.63%-1.1pp

591.91%-571.4pp

28.85%-8.3pp

Employer contribution / active EE

$14,254

$2,574+453.8%

$3,023+371.4%

$2,589+450.5%

Participant deferral / active EE

$13,492

$3,436+292.7%

$4,437+204.1%

$4,291+214.4%

Admin fee / account holder

$174

$1,057-83.5%

$5,613-96.9%

$1,588-89.0%

Provider

Service type

Compensation

GALLAGHER FIDUCIARY ADVISORS, LLC2 years

Filed as: GALLAGHER FIDUCIARY ADVISORS LLC

Service code 27 · EIN 36-4291971

Advisory (Plan)

$32,000

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

$15,903

BIOTECHNOLOGY INNOVATION ORGANIZATION RETIREMENT 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIOTECHNOLOGY INNOVATION ORGANIZATION RETIREMENT 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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