Posigen, Inc.401(k)
POSIGEN, INC. 401(K) PLAN · SAINT ROSE, LA · plan year 2023
Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works
Posigen, Inc. reported $145,215 in plan administrative expenses for 2023: 1.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,830 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 1 year on file its reported administrative ratio rose from 0.74% to 1.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 372nd-largest of 884 plans among Louisiana employers on file, and 2,740th of 5,337 in construction. In 2023, employees put in $2.86 for every $1.00 the employer contributed.
Posigen, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 461619706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.