Plan Snapshot
- Plan Sponsor: Lyra Therapeutics, INC.
- Sponsor EIN: 841700838
- Sponsor Address: 480 ARSENAL WAY, WATERTOWN, MA, 02472
- Plan Type: 401(k)
- Total Participants: 35
- Total Assets: $8.5M
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 | 35 | $8.5M | $370,248 | $1.2M |
| 2023 | 90 | $7.4M | $253,335 | $1.2M |
| 2022 | 61 | $4.9M | $190,725 | $912,133 |