Plan Snapshot
- Plan Sponsor: Akili Interactive Labs, INC.
- Sponsor EIN: 453990296
- Sponsor Address: 125 BROAD STREET, BOSTON, MA, 02110
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 64
- Total Assets: $11.6M
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. |
|---|---|---|---|---|
| 2023 | 64 | $11.6M | $692,543 | $1.6M |
| 2022 | 142 | $9.1M | $780,641 | $1.8M |
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 |
|---|---|---|---|---|
| CAMBRIDGE INVESTMENT RESEARCH | Investment Advisor | — | $26,502 | $26,502 |
| AEGIS RETIREMENT PARTNERS | Recordkeeper | — | $5,118 | $5,118 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $31,620
- Estimated Expense Ratio: 0.272% 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 |
|---|---|---|---|---|---|
| 2023 | $3,950 | — | $3,950 | — | — |
| 2022 | $550 | — | $550 | — | — |