Retirement plan

MAXCYTE, INC. 401(K) PLAN

Name: MAXCYTE, INC. - MAXCYTE, INC. 401(K) PLAN (2024) Form 5500
Creator: MAXCYTE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAXCYTE, INC. 401(K) PLAN, MAXCYTE, INC.

MAXCYTE, INC.EIN 52-2210438Plan #001PY 2024

9713 KEY WEST AVENUE, SUITE 400 - ROCKVILLE, MD 20850301-944-1700maxcyte.comLinkedIn51-200 employeesbiotechnology

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19.2M

+18.6% from 2023

Total participants

148

-5.7% from 2023

Average account balance

$140,041

+21.2% from 2023

Annual return

18.62%

-8.43 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.19M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

137

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+18.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$279

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 2 by compensation

Provider	Service type	Compensation
GLOBAL RETIREMENT PARTNERS LLC2 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$33,872
FIDELITY INVESTMENTS INSTITUTIONAL2 years Service code 37 · EIN 04-2647786	Loan Processing	$275

Plan features & details

Pension benefit codes2G2J2F2T3D

Plan features

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$38K

$398 / participant

Recordkeeping$2750.7%
Investment mgmt$38K99.3%

% of EOY assets

0.199%

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: APRIO LLP
Auditor EIN: 571157523
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,041

$102,385+36.8%

$147,080-4.8%

$80,935+73.0%

Participation rate

88.5%

75.9%+12.7pp

82.2%+6.4pp

67.7%+20.9pp

Annual return

18.62%

135.09%-116.5pp

420.17%-401.5pp

35.66%-17.0pp

Employer contribution / active EE

$9,019

$3,717+142.7%

$4,933+82.8%

$2,757+227.2%

Participant deferral / active EE

$21,490

$6,651+223.1%

$8,066+166.4%

$4,299+399.8%

Admin fee / account holder

$279

$7,951-96.5%

$12,989-97.9%

$6,924-96.0%

Provider

Service type

Compensation

GLOBAL RETIREMENT PARTNERS LLC2 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$33,872

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Service code 37 · EIN 04-2647786

Loan Processing

$275

MAXCYTE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAXCYTE, 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