Plan Snapshot
- Plan Sponsor: Adverum Biotechnologies, INC.
- Sponsor EIN: 205258327
- Sponsor Address: 100 CARDINAL WAY, REDWOOD CITY, CA, 94063
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 272
- Total Assets: $29.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 272 | $29.8M | $0 | $0 |
| 2024 | 153 | $24.2M | $945,837 | $2.3M |
| 2023 | 126 | $20.7M | $874,195 | $2.1M |
| 2022 | 123 | $14.4M | $1.2M | $2.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $22,261 | — | $22,261 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $20,763 | — | $20,763 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,024
- Estimated Expense Ratio: 0.144% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $2,844,127 | $20,763 | — | — | — |
| 2024 | $47,030 | $20,290 | — | — | — |
| 2023 | $32,356 | $11,341 | — | — | — |
| 2022 | $24,837 | $7,192 | — | — | — |