Plan Snapshot
- Plan Sponsor: Element Biosciences, INC.
- Sponsor EIN: 822593536
- Sponsor Address: 10055 BARNES CANYON RD, SAN DIEGO, CA, 92121
- Plan Type: 401(k)
- Total Participants: 347
- Total Assets: $27.5M
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 | 347 | $27.5M | $1.8M | $4.2M |
| 2023 | 302 | $17.2M | $1.6M | $3.6M |
| 2022 | 322 | $10.0M | $1.3M | $3.2M |
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 | $44,506 | — | $44,506 |
| CAMBRIDGE INVESTMENT GROUP | INVESTMENT ADVISOR | $23,192 | — | $23,192 |
| FIDELITY INVESTMENTS INST | RECORDKEEPER | $20,317 | — | $20,317 |
| JPMORGAN SECURITIES LLC | ADVISOR | $11,544 | — | $11,544 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MANAGEMENT | $8,885 | — | $8,885 |
| PREMIER PLAN CONSULTANTS, INC. | CONTRACT ADMIN | $2,100 | $3,866 | $5,966 |
| JGD & ASSOCIATES LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST — RECORDKEEPER
- JPMORGAN SECURITIES LLC — ADVISOR
- JGD & ASSOCIATES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,410
- Estimated Expense Ratio: 0.416% 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 | $110,687 | $11,551 | $92,987 | — | — |
| 2023 | $71,689 | — | $71,689 | — | — |
| 2022 | $31,093 | — | $31,093 | — | — |