Plan Snapshot
- Plan Sponsor: Iveric Bio
- Sponsor EIN: 208185347
- Sponsor Address: 8 CAMPUS DRIVE SUITE 100, PARSIPPANY, NJ, 07054
- Plan Type: 401(k)
- Total Participants: 272
- Total Assets: $25.4M
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. |
|---|---|---|---|---|
| 2023 | 272 | $25.4M | $2.5M | $4.5M |
| 2022 | 159 | $14.3M | $1.0M | $2.3M |
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 O | Recordkeeper | $21,139 | — | $21,139 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $15,553 | — | $15,553 |
| MERRILL LYNCH PIERCE FENNER & SMITH | Investment Advisor | $10,313 | — | $10,313 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,005
- Estimated Expense Ratio: 0.185% 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 |
|---|---|---|---|---|---|
| 2023 | $47,005 | $25,866 | — | — | — |
| 2022 | $33,566 | $23,561 | $10,005 | — | — |