Plan Snapshot
- Plan Sponsor: Legend Biotech Usa, INC.
- Sponsor EIN: 822688234
- Sponsor Address: 2101 COTTONTAIL LANE, SOMERSET, NJ, 08873
- Plan Type: 401(k)
- Total Participants: 1,346
- Total Assets: $65.8M
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 | 1,346 | $65.8M | $6.1M | $11.7M |
| 2023 | 1,018 | $42.1M | $3.8M | $8.3M |
| 2022 | 745 | $23.9M | $3.6M | $6.1M |
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 |
|---|---|---|---|---|
| WITHUM SMITH & BROWN, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUM SMITH & BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $233,369 | $18,910 | $210,859 | — | — |
| 2023 | $189,992 | $14,609 | $162,733 | — | — |
| 2022 | $90,011 | — | — | — | $90,011 |