Plan Snapshot
- Plan Sponsor: Alkermes, INC.
- Sponsor EIN: 232472830
- Sponsor Address: 852 WINTER STREET, WALTHAM, MA, 024511420
- Plan Type: 401(k)
- Total Participants: 1,662
- Total Assets: $480.2M
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. |
|---|---|---|---|---|
| 2024 | 1,662 | $480.2M | $15.1M | $26.5M |
| 2023 | 1,673 | $423.1M | $16.2M | $28.6M |
| 2022 | 1,808 | $359.9M | $15.3M | $26.1M |
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 |
|---|---|---|---|---|
| STOWE & DEGON | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 |
|---|---|---|---|---|---|
| 2024 | $311,760 | — | — | — | — |
| 2023 | $186,005 | — | — | — | — |
| 2022 | $132,172 | — | — | — | — |