Employers › T2 Biosystems
Recordkeeping fees per participant · T2 Biosystems, Inc 401(k) Profit Sharing Plan and Trust · plan year 2024
$127.49
Higher than 72% of the 7,477 plans $1 to 10M that report it.
= $25,116 / 197
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015053852NAL0001918499001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015053852NAL0001918499001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $1 to 10M 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 2025-10-15.
Administrative expenses excluding investment management, per participant
$127.49
Higher than 59% of the 14,713 plans $1 to 10M that report it.
= $25,116 / 197
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015053852NAL0001918499001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015053852NAL0001918499001, received 2025-10-15
Administrative expenses per participant
$251.87
Higher than 73% of the 15,210 plans $1 to 10M that report it.
= $49,618 / 197
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015053852NAL0001918499001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015053852NAL0001918499001, received 2025-10-15
Administrative expenses as a share of assets
0.497%
Higher than 48% of the 15,243 plans $1 to 10M that report it.
= $49,618 / $9,985,011
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015053852NAL0001918499001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015053852NAL0001918499001, received 2025-10-15
Employer contributions per participant
$651
Higher than 22% of the 13,342 plans $1 to 10M that report it.
= $128,314 / 197
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015053852NAL0001918499001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015053852NAL0001918499001, received 2025-10-15
Employer share of total contributions
11.1%
Higher than 9% of the 13,370 plans $1 to 10M that report it.
= $128,314 / $1,159,752
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015053852NAL0001918499001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015053852NAL0001918499001, received 2025-10-15
Plan terms are described in T2 Biosystems, Inc.'s SEC filings: Form 10-K filed 2024-04-01. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015053852NAL0001918499001, received 2025-10-15
| Field | Value | Source |
|---|---|---|
| Plan sponsor | T2 BIOSYSTEMS, INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Plan name | T2 BIOSYSTEMS, INC 401K PROFIT SHARING PLAN AND TRUST | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Sponsor EIN / plan number | 20-4827488 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Sponsor location | LEXINGTON, MA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Industry (business code) | 621510, Health care and social assistance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Participants, beginning of year | 228 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Active participants | 90 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Participants, end of year | 212 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Participants with an account balance | 197 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Total assets, beginning of year | $9,377,944 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Total assets, end of year | $9,985,011 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Net assets, end of year | $9,985,011 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Total income | $2,490,324 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Net income | $607,067 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Employer contributions | $128,314 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Participant contributions | $939,610 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $91,828 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Total contributions | $1,159,752 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Benefit payments | $1,833,639 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $1,883,257 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Total administrative expenses | $49,618 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Recordkeeping fees | $25,116 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Investment advisory and management fees | $24,502 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Administrative expenses excluding investment management | $25,116 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Held in mutual funds | $9,316,001 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015053852NAL0001918499001, received 2025-10-15 |
| Independent auditor | KAHN LITWIN RENZA & CO. LTD. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015053852NAL0001918499001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015053852NAL0001918499001, received 2025-10-15.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| GLOBAL RETIREMENT PARTNERSrecordkeeper | INVESTMENT/FINANCIAL ADVI | 15 Recordkeeping and information management; 17 Consulting (pension); 50 Direct payment from the plan; 64 Recordkeeping fees; 70 Consulting fees; 21 Trustee (bank, trust company or similar); 49 Other services; 99 Other fees | $47,003 | no |
| ADP, INC.recordkeeper | RECORD KEEPER | 37 Participant loan processing; 50 Direct payment from the plan; 15 Recordkeeping and information management; 64 Recordkeeping fees | $2,615 | yes |
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 20251015053852NAL0001918499001, received 2025-10-15.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $9,377,944 | $9,985,011 | 6.5% |
| Participants with a balance | 206 | 197 | -4.4% |
| Administrative expenses | $27,213 | $49,618 | 82.3% |
| Recordkeeping fees per participant | $22.84 | $127.49 | 458.2% |
| Employer contributions | $111,884 | $128,314 | 14.7% |
Prior filing 20241015212602NAL0029699729001, received 2024-10-15; the plan years are contiguous.
Sponsor name as filed: T2 BIOSYSTEMS, INC; SEC registrant: T2 Biosystems, Inc. (CIK 1492674, matched by EIN; display name from the Form 10-K cover).