Plan Snapshot
- Plan Sponsor: Ascentage Pharma Group INC.
- Sponsor EIN: 811034123
- Sponsor Address: 700 KING FARM BOULEVARD, ROCKVILLE, MD, 20850
- Plan Type: 401(k)
- Total Participants: 87
- Total Assets: $13.2M
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 | 87 | $13.2M | $1.1M | $1.4M |
| 2023 | 82 | $9.9M | $982,553 | $1.3M |
| 2022 | 76 | $7.5M | $1.1M | $1.5M |
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 |
|---|---|---|---|---|
| MMA SECURITIES, LLC | Investment Advisor | $38,406 | — | $38,406 |
| COMPASS 360 LLC | Recordkeeper | $13,743 | — | $13,743 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $52,149
- Estimated Expense Ratio: 0.394% 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 |
|---|---|---|---|---|---|
| 2024 | $54,344 | — | $54,344 | — | — |
| 2023 | $38,977 | — | $38,977 | — | — |
| 2022 | $18,471 | — | — | — | $18,471 |