Plan Snapshot
- Plan Sponsor: Biogen INC.
- Sponsor EIN: 330112644
- Sponsor Address: 225 BINNEY STREET, CAMBRIDGE, MA, 02142
- Plan Type: 401(k)
- Total Participants: 4,289
- Total Assets: $2.2B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 4,289 | $2.2B | $46.2M | $70.7M |
| 2023 | 4,292 | $1.9B | $51.7M | $79.0M |
| 2022 | 5,003 | $1.6B | $52.9M | $78.4M |
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 |
|---|---|---|---|---|
| PRICEWATERHOUSECOOPERS | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PRICEWATERHOUSECOOPERS — Auditor
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 | -$404,525 | — | $2,700 | — | — |
| 2023 | -$747,044 | — | $3,900 | — | — |
| 2022 | -$1,430,786 | — | — | — | — |