Plan Snapshot
- Plan Sponsor: Maxcyte, INC.
- Sponsor EIN: 522210438
- Sponsor Address: 9713 KEY WEST AVENUE, ROCKVILLE, MD, 20850
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 157
- Total Assets: $24.6M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 157 | $24.6M | $0 | $0 |
| 2024 | 96 | $19.2M | $865,831 | $2.1M |
| 2023 | 126 | $16.2M | $952,075 | $2.0M |
| 2022 | 109 | $11.3M | $576,553 | $1.6M |
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 |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $40,982 | — | $40,982 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $7,142 | — | $7,142 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $48,124
- Estimated Expense Ratio: 0.195% 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 |
|---|---|---|---|---|---|
| 2025 | $2,238,305 | $48,124 | — | — | — |
| 2024 | $38,164 | $37,889 | — | — | — |
| 2023 | $28,859 | $28,459 | — | — | — |
| 2022 | $539,372 | — | — | — | — |