Posigen, Inc. 401(k) Plan: Login, Facts & Contact Information

Posigen, Inc. 401(k) Plan Facts

Plan name
POSIGEN, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
POSIGEN, INC.
Participants
682 (500 active employees)
Former employees with a balance
308
Plan assets
$12,512,130 at Dec 31, 2023
Average account balance
$16,000 across 782 accounts
Employer contributions
$914,813 in plan year 2023 (23% of all contributions)
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 2013
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 15, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $4.07 million went into the plan in contributions, $914,813 of it from the employer (23%).
  • $1.49 million was paid out to participants.
  • Investment and other income added $1.55 million.
  • Administrative expenses were $145,215, about $186 per account.

How the Posigen, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018242$2.80 million$216,794$149,624
2019179$4.10 million$258,031$113,731
2020368$4.92 million$223,446$716,044
2021348$6.73 million$387,945$366,909
2022416$7.90 million$612,495$766,944
2023682$12.5 million$914,813$1.49 million

Posigen, Inc. 401(k) Contact Information

Phone
404-337-4544
Mailing address
145 JAMES DRIVE E STE 300, SAINT ROSE LA 70087
Plan sponsor
POSIGEN, INC.
Employer identification number (EIN)
46-1619706
Plan number
001

Questions about the Posigen, Inc. 401(k)

Does Posigen, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $914,813, 23% of all contributions.

Does the Posigen, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Posigen, Inc 401(k) plan?

682 participants at the start of plan year 2023, 500 of them active employees, and 308 former employees who still had money in the plan.

What is the average 401(k) balance at Posigen, Inc?

About $16,000 per account: $12.5 million in plan assets across 782 accounts with a balance at the end of plan year 2023.

Who manages the Posigen, Inc 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Posigen, Inc. How do I access my 401(k)?

Your account stays with ADP Retirement Services after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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