Plan Snapshot
- Plan Sponsor: Akebia Therapeutics, INC.
- Sponsor EIN: 208756903
- Sponsor Address: 245 FIRST STREET SUITE 1400, CAMBRIDGE, MA, 02142
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 397
- Total Assets: $52.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 397 | $52.5M | $0 | $0 |
| 2024 | 181 | $42.8M | $1.7M | $3.3M |
| 2023 | 161 | $39.3M | $1.7M | $3.4M |
| 2022 | 235 | $36.4M | $2.6M | $5.2M |
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 |
|---|---|---|---|---|
| SECURITIES AMERICA ADVISORS INC | Investment Advisor | $73,040 | — | $73,040 |
| OSAIC WEALTH INC | Investment Advisor | $40,589 | — | $40,589 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $31,145 | — | $31,145 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $144,774
- Estimated Expense Ratio: 0.276% 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 | $6,786,228 | — | — | — | — |
| 2024 | $205,797 | — | — | — | — |
| 2023 | $155,344 | $96,274 | — | — | — |
| 2022 | $237,229 | $115,347 | $15,548 | — | $106,334 |