Plan Snapshot
- Plan Sponsor: Markforged, INC
- Sponsor EIN: 462950610
- Sponsor Address: 480 PLEASANT STREET, WATERTOWN, MA, 02472
- Plan Type: 401(k)
- Total Participants: 184
- Total Assets: $22.8M
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 | 184 | $22.8M | $1.2M | $2.8M |
| 2023 | 277 | $17.5M | $1.5M | $3.4M |
| 2022 | 350 | $11.9M | $1.6M | $3.3M |
| 2019 | 247 | $3.7M | $0 | $0 |
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 |
|---|---|---|---|---|
| BAKER NEWMAN & NOYES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER NEWMAN & NOYES — 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 | $49,984 | $42,784 | $7,200 | — | — |
| 2023 | $40,772 | $30,407 | $10,365 | — | — |
| 2022 | $29,032 | $22,507 | $6,525 | — | — |
| 2019 | $800 | — | $800 | — | — |