Plan Snapshot
- Plan Sponsor: Penumbra, INC.
- Sponsor EIN: 050605598
- Sponsor Address: 1 PENUMBRA PLACE, ALAMEDA, CA, 94502
- Plan Type: 401(k)
- Total Participants: 3,670
- Total Assets: $246.2M
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 | 3,670 | $246.2M | $7.0M | $28.6M |
| 2023 | 3,549 | $190.5M | $6.6M | $26.7M |
| 2022 | 3,538 | $138.0M | $6.7M | $24.9M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $431,457 | — | $431,457 |
| SAGEVIEW ADVISORY GROUP, LLC | INVESTMENT ADVISOR / INVESTMENT MGMT | $232,822 | — | $232,822 |
| WRIGHT FORD YOUNG & CO. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WRIGHT FORD YOUNG & CO. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $664,279
- Estimated Expense Ratio: 0.270% 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 | $664,279 | $232,822 | — | — | — |
| 2023 | $483,212 | $182,454 | — | — | — |
| 2022 | $508,670 | — | $508,670 | — | — |