Plan Snapshot
- Plan Sponsor: Ginkgo Bioworks, INC.
- Sponsor EIN: 263118890
- Sponsor Address: 27 DRYDOCK AVE 8TH FLOOR, BOSTON, MA, 022102383
- Plan Type: 401(k)
- Total Participants: 836
- Total Assets: $132.1M
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 | 836 | $132.1M | $5.5M | $16.5M |
| 2023 | 1,126 | $86.6M | $7.8M | $14.5M |
| 2022 | 1,065 | $50.7M | $5.9M | $10.2M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $75,630 | — | $75,630 |
| GRAY, GRAY, & GRAY LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,630
- Estimated Expense Ratio: 0.057% 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 | $75,630 | — | $75,630 | — | — |
| 2023 | $17,429 | — | $17,429 | — | — |
| 2022 | $16,461 | — | $16,461 | — | — |