Plan Snapshot
- Plan Sponsor: Promega Corporation
- Sponsor EIN: 391388811
- Sponsor Address: 2800 WOODS HOLLOW ROAD, MADISON, WI, 53711
- Plan Type: 401(k)
- Total Participants: 1,521
- Total Assets: $418.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 1,521 | $418.4M | $6.3M | $19.7M |
| 2023 | 1,507 | $342.4M | $5.8M | $18.0M |
| 2022 | 1,443 | $273.2M | $5.9M | $14.9M |
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 |
|---|---|---|---|---|
| GRANT THORNTON | Auditor | $7,905 | — | $7,905 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GRANT THORNTON — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $7,905
- Estimated Expense Ratio: 0.002% 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 | $241,404 | $79,462 | $300 | $7,905 | — |
| 2023 | $200,979 | $63,976 | $1,500 | — | — |
| 2022 | -$103,787 | $39,071 | — | — | — |