# Cytel INC. 401(k) Plan
Source: https://planprovider.pro/companies/cytel-inc-401k-plan

> Cytel INC.'s 401(k) plan: 518 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Cytel INC.

- **Sponsor EIN:** 042955676

- **Sponsor Address:** 675 MASSACHUSETTS AVE, CAMBRIDGE, MA, 02139

- **Plan Type:** 401(k)

- **Total Participants:** 518

- **Total Assets:** $75.0M

## 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|518|$75.0M|$3.0M|$7.8M|

| 2023|521|$61.8M|$3.0M|$7.6M|

| 2022|565|$48.5M|$2.8M|$7.2M|

## 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|

| EMPOWER ANNUITY INSURANCE COMPANY|RECORDKEEPER|$83,008|—|$83,008|

| CAPFINANCIAL PARTNERS LLC DBA|INVESTMENT ADVISOR|$30,000|—|$30,000|

| EMPOWER ADVISORY GROUP, LLC|INVESTMENT MGMT|$23,557|—|$23,557|

| CARON & BLETZER, PLLC|AUDITOR|$16,500|—|$16,500|

| CARON & BLETZER|Auditor|$16,500|—|$16,500|

| MARATHAS BARROW WEATHERHEAD LENT|ATTORNEY|$6,960|—|$6,960|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CARON & BLETZER](https://planprovider.pro/provider/caron-bletzer) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $176,525

- **Estimated Expense Ratio:** 0.235% 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|$216,478|$53,557|—|$16,500|—|

| 2023|$169,448|$70,094|—|$15,500|—|

| 2022|$157,331|—|$157,331|—|—|

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