Plan Snapshot
- Plan Sponsor: Ligand Pharmaceuticals INC.
- Sponsor EIN: 770160744
- Sponsor Address: 3911 SORRENTO VALLEY BLVD, SAN DIEGO, CA, 92121
- Plan Type: 401(k)
- Total Participants: 69
- Total Assets: $28.9M
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 | 69 | $28.9M | $351,122 | $1.2M |
| 2023 | 60 | $27.8M | $380,611 | $1.2M |
| 2022 | 76 | $26.0M | $780,447 | $2.4M |
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 |
|---|---|---|---|---|
| JGD & ASSOCIATES LLP | Auditor | $9,750 | — | $9,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JGD & ASSOCIATES LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,750
- Estimated Expense Ratio: 0.034% 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 | $1,675 | $10,296 | — | $9,750 | — |
| 2023 | -$12,059 | $7,972 | — | — | — |
| 2022 | -$4,341 | $9,986 | — | — | — |