Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Karuna Therapeutics
Karuna Therapeutics 401(k)
- Professional, scientific, and technical services
- Boston, MA
- EIN 27-0605902
- 1 plan with Schedule H financials
- Plan year 2024
- Karuna Therapeutics, Inc.
Administrative expenses excluding investment management, per participant · Karuna Therapeutics 401(k) Plan · plan year 2024
$1,757.51
Higher than 91% of the 769 plans under $1M that report it.
Source
= $61,513 / 35
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701210222NAL0018891008001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701210222NAL0018891008001, received 2025-07-01
Percentiles compare this plan with the Schedule H plans under $1M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-01.
Cost and contributions
Administrative expenses per participant
$1,757.51
Higher than 92% of the 1,011 plans under $1M that report it.
Source
= $61,513 / 35
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701210222NAL0018891008001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701210222NAL0018891008001, received 2025-07-01
Administrative expenses as a share of assets
73.348%
Higher than 92% of the 1,053 plans under $1M that report it.
Source
= $61,513 / $83,865
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701210222NAL0018891008001, received 2025-07-01
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701210222NAL0018891008001, received 2025-07-01
Employer contributions per participant
$35,787
Higher than 96% of the 605 plans under $1M that report it.
Source
= $1,252,559 / 35
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701210222NAL0018891008001, received 2025-07-01
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701210222NAL0018891008001, received 2025-07-01
Employer share of total contributions
30.3%
Higher than 48% of the 625 plans under $1M that report it.
Source
= $1,252,559 / $4,137,188
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701210222NAL0018891008001, received 2025-07-01
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701210222NAL0018891008001, received 2025-07-01
Plan terms, as stated in Karuna Therapeutics, Inc.'s SEC filings
Plan terms are described in Karuna Therapeutics, Inc.'s SEC filings: Form 10-K filed 2024-02-22. No term could be quoted from them with the required precision.
Plan features
2A age/service-weighted · 2E profit-sharing · 2J 401(k) feature · 2K 401(m) arrangement · 2F ERISA 404(c) plan · 2G fully participant-directed · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250701210222NAL0018891008001, received 2025-07-01
Full record, Karuna Therapeutics 401(k) Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | KARUNA THERAPEUTICS | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Plan name | KARUNA THERAPEUTICS 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Sponsor EIN / plan number | 27-0605902 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Sponsor location | BOSTON, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Industry (business code) | 541700, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Filing received | 2025-07-01 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Participants, beginning of year | 350 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Active participants | 0 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Participants, end of year | 35 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Participants with an account balance | 35 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Total assets, beginning of year | $17,591,684 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Total assets, end of year | $83,865 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Net assets, end of year | $83,865 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Total income | $7,225,419 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Net income | $-17,507,819 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Employer contributions | $1,252,559 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Participant contributions | $2,159,943 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Other contributions (incl. rollovers) | $724,686 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Total contributions | $4,137,188 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Benefit payments | $24,404,182 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Total expenses (incl. benefit payments) | $24,733,238 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Total administrative expenses | $61,513 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Contract administrator fees | $16,793 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| IQPA audit fees | $44,720 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Administrative expenses excluding investment management | $61,513 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Held in mutual funds | $1,268 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250701210222NAL0018891008001, received 2025-07-01 |
| Independent auditor | WITHUM SMITH & BROWN PC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250701210222NAL0018891008001, received 2025-07-01 |
Position = column in the DOL layout for form year 2024. Filing 20250701210222NAL0018891008001, received 2025-07-01.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PCS RETIREMENT LLCrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 38 Participant communication; 17 Consulting (pension); 37 Participant loan processing; 16 Consulting (general); 36 Copying and duplicating; 15 Recordkeeping and information management; 64 Recordkeeping fees | $16,793 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250701210222NAL0018891008001, received 2025-07-01.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $17,591,684 | $83,865 | -99.5% |
| Participants with a balance | 334 | 35 | -89.5% |
| Administrative expenses | $31,301 | $61,513 | 96.5% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $2,874,828 | $1,252,559 | -56.4% |
Prior filing 20241004071437NAL0019092512001, received 2024-10-04; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: KARUNA THERAPEUTICS; SEC registrant: Karuna Therapeutics, Inc. (CIK 1771917, matched by EIN; display name from the Form 10-K cover).