Plan Snapshot
- Plan Sponsor: T2 Biosystems, INC
- Sponsor EIN: 204827488
- Sponsor Address: 101 HARTWELL AVE, LEXINGTON, MA, 02421
- Plan Type: 401(k)
- Total Participants: 90
- Total Assets: $10.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 2024 | 90 | $10.0M | $128,314 | $939,610 |
| 2023 | 103 | $9.4M | $111,884 | $1.1M |
| 2022 | 143 | $8.8M | $243,368 | $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 |
|---|---|---|---|---|
| KAHN LITWIN RENZA & CO. LTD. | Auditor | — | — | $0 |
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 | $49,618 | $24,502 | — | — | — |
| 2023 | $27,213 | $22,508 | — | — | — |
| 2022 | $25,152 | — | — | — | — |