Retirement plan

BIOLIFE SOLUTIONS, INC 401(K) PLAN

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

BIOLIFE SOLUTIONS, INCEIN 94-3076866Plan #002PY 2023

3303 MONTE VILLA PKWY SUITE 310 - BOTHELL, WA 98021425-402-1400biolifesolutions.comLinkedIn201-500 employeesbiotechnology

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$14.2M

+42.0% from 2022

Total participants

567

-2.9% from 2022

Average account balance

$29,981

+42.9% from 2022

Annual return

24.72%

-21.97 pp from 2022

Benchmarks

See 1,153 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,153 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.59M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

367

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.

52.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

-5.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$40

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 3 by compensation

Provider	Service type	Compensation
HUNNEX AND SHOEMAKER, INC.2 years Service code 13 · EIN 91-1072394	Contract Administrator	$3,504
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 · EIN 04-3109325	Recordkeeping Fees	$3,400
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 · EIN 84-0467907	Investment Management	$1,025

Plan features & details

Pension benefit codes2F2G2J2T3D

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

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$10K

$25 / participant

Recordkeeping$10K100.0%

% of EOY assets

0.073%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTON LARSON ALLEN
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,981

$84,784-64.6%

$98,461-69.6%

$74,460-59.7%

Participation rate

77.3%

81.5%-4.2pp

75.2%+2.2pp

70.7%+6.6pp

Annual return

24.72%

20.59%+4.1pp

21.17%+3.5pp

34.38%-9.7pp

Employer contribution / active EE

$2,762

$3,364-17.9%

$3,049-9.4%

$2,638+4.7%

Participant deferral / active EE

$5,508

$5,218+5.5%

$4,738+16.2%

$4,530+21.6%

Admin fee / account holder

$22

$204-89.4%

$8,961-99.8%

$348-93.7%

Provider

Service type

Compensation

HUNNEX AND SHOEMAKER, INC.2 years

Service code 13 · EIN 91-1072394

Contract Administrator

$3,504

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64 · EIN 04-3109325

Recordkeeping Fees

$3,400

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28 · EIN 84-0467907

Investment Management

$1,025

BIOLIFE SOLUTIONS, INC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIOLIFE SOLUTIONS, 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