Retirement plan

DURECT CORPORATION 401(K) PLAN

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

DURECT CORPORATIONEIN 94-3297098Plan #001PY 2024

10240 BUBB ROAD - CUPERTINO, CA 95014408-777-1417durect.comLinkedIn51-200 employeespharmaceuticals

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$34.3M

-6.6% from 2023

Total participants

-22.9% from 2023

Average account balance

$381,375

+17.2% from 2023

Annual return

13.23%

-4.96 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

$34.32M

Not enough data

1 years with asset history on file

Average account balance

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

$381K

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$790K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+13.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$426

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
PENSIONMARK FINANCIAL GROUP LLC7 years Filed as: PENSIONMARK FINANCIAL GROUP, LLC Service code 27 · EIN 61-1758632	Advisory (Plan)	$35,024
STANCORP FINANCIAL GROUP10+ years Service code 12 · EIN 93-1253576	Direct payment from the plan; Claims ...	$15,716

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$38K

$1238 / participant

Investment mgmt$35K91.2%
Contract admin$3K8.8%

% of EOY assets

0.112%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$381,375

$102,385+272.5%

$147,080+159.3%

$80,935+371.2%

Participation rate

96.8%

75.9%+20.9pp

82.2%+14.6pp

67.7%+29.1pp

Annual return

13.23%

135.09%-121.9pp

420.17%-406.9pp

35.66%-22.4pp

Employer contribution / active EE

$3,717-100.0%

$4,933-100.0%

$2,757-100.0%

Participant deferral / active EE

$25,484

$6,651+283.2%

$8,066+215.9%

$4,299+492.7%

Admin fee / account holder

$426

$7,951-94.6%

$12,989-96.7%

$6,924-93.8%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC7 years

Filed as: PENSIONMARK FINANCIAL GROUP, LLC

Service code 27 · EIN 61-1758632

Advisory (Plan)

$35,024

STANCORP FINANCIAL GROUP10+ years

Service code 12 · EIN 93-1253576

Direct payment from the plan; Claims ...

$15,716

DURECT CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DURECT CORPORATION 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