Plan Snapshot
- Plan Sponsor: Durect Corporation
- Sponsor EIN: 943297098
- Sponsor Address: 10240 BUBB ROAD, CUPERTINO, CA, 95014
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 4
- Total Assets: $67,550
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 4 | $67,550 | $0 | $0 |
| 2024 | 31 | $34.3M | $0 | $790,001 |
| 2023 | 59 | $36.8M | $0 | $1.1M |
| 2022 | 78 | $34.1M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| PENSIONMARK FINANCIAL GROUP, LLC | Other Service Provider | $43,798 | — | $43,798 |
| STANCORP FINANCIAL GROUP | Other Service Provider | $24,868 | — | $24,868 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $68,666
- Estimated Expense Ratio: 101.652% 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 |
|---|---|---|---|---|---|
| 2025 | $37,910,397 | $43,798 | $20,115 | — | — |
| 2024 | $38,384 | $35,024 | $3,360 | — | — |
| 2023 | $37,605 | $35,000 | $2,605 | — | — |
| 2022 | $36,362 | — | $36,362 | — | — |