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PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST 401k Plan overview

Plan NamePROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST
Plan identification number 001

PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

PROSETTA BIOSCIENCES has sponsored the creation of one or more 401k plans.

Company Name:PROSETTA BIOSCIENCES
Employer identification number (EIN):464080003
NAIC Classification:541700

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012023-01-01LOUISA NG2024-05-30
0012022-01-01LOUISA NG2023-06-12
0012021-01-01LOUISA NG2022-06-10
0012020-01-01LOUISA NG2021-05-12
0012019-01-01VISHWANATH LINGAPPA2020-07-31
0012018-01-01JACOB ROUSE2019-07-29
0012017-01-01JACOB ROUSE2018-07-16
0012016-01-01WILLIAM SWINERTON2017-07-13
0012015-01-01WILLIAM SWINERTON

Financial Data on PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST

Measure Date Value
2025 : PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST 2025 401k financial data
Total transfers to/from plan in this plan year2025-06-090
Total liabilities as of the end of the plan year2025-06-090
Total liabilities as of the beginning of the plan year2025-06-090
Total expenses incurred by plan in this plan year2025-06-09156895
Net assets as of the end of the plan year2025-06-091433350
Total assets as of the beginning of the plan year2025-06-091315816
Value of plan covered by a fidelity bond2025-06-09385000
Participant contributions to plan in this plan year2025-06-0988062
Other expenses paid from plan in this plan year2025-06-090
Other contributions to plan in this plan year2025-06-0919316
Other income to plan in this plan year2025-06-09162787
Plan net income in this plan year2025-06-09117534
Net assets as of the end of the plan year2025-06-091433350
Net assets as of the beginning of the plan year2025-06-091315816
Employer contributions to plan in this plan year2025-06-094264
Expensese paid to adminstrative service provicers from plan in this plan year2025-06-099950
2024 : PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST 2024 401k financial data
Total transfers to/from plan in this plan year2024-05-300
Total liabilities as of the end of the plan year2024-05-300
Total liabilities as of the beginning of the plan year2024-05-300
Total expenses incurred by plan in this plan year2024-05-3010232
Net assets as of the end of the plan year2024-05-301315816
Total assets as of the beginning of the plan year2024-05-301061671
Value of plan covered by a fidelity bond2024-05-30200000
Participant contributions to plan in this plan year2024-05-3087417
Value of participant loans at end of plan year2024-05-301040
Other expenses paid from plan in this plan year2024-05-300
Other contributions to plan in this plan year2024-05-300
Other income to plan in this plan year2024-05-30173056
Plan net income in this plan year2024-05-30254145
Net assets as of the end of the plan year2024-05-301315816
Net assets as of the beginning of the plan year2024-05-301061671
Employer contributions to plan in this plan year2024-05-303904
Expensese paid to adminstrative service provicers from plan in this plan year2024-05-307823
2022 : PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST 2022 401k financial data
Total transfers to/from plan in this plan year2022-06-100
Total liabilities as of the end of the plan year2022-06-100
Total liabilities as of the beginning of the plan year2022-06-100
Total expenses incurred by plan in this plan year2022-06-10243317
Net assets as of the end of the plan year2022-06-101226271
Total assets as of the beginning of the plan year2022-06-101199270
Value of plan covered by a fidelity bond2022-06-10150000
Participant contributions to plan in this plan year2022-06-10108849
Value of participant loans at end of plan year2022-06-10884
Other expenses paid from plan in this plan year2022-06-100
Other contributions to plan in this plan year2022-06-102969
Other income to plan in this plan year2022-06-10153348
Plan net income in this plan year2022-06-1027001
Net assets as of the end of the plan year2022-06-101226271
Net assets as of the beginning of the plan year2022-06-101199270
Employer contributions to plan in this plan year2022-06-105152
Expensese paid to adminstrative service provicers from plan in this plan year2022-06-104446
2015 : PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST 2015 401k financial data
Transfers to/from the plan2015-12-31$0
Total plan liabilities at end of year2015-12-31$0
Total plan liabilities at beginning of year2015-12-31$0
Total income from all sources2015-12-31$270,650
Expenses. Total of all expenses incurred2015-12-31$85,707
Benefits paid (including direct rollovers)2015-12-31$85,707
Total plan assets at end of year2015-12-31$1,770,224
Total plan assets at beginning of year2015-12-31$1,585,281
Value of fidelity bond covering the plan2015-12-31$750,000
Total contributions received or receivable from participants2015-12-31$287,906
Expenses. Other expenses not covered elsewhere2015-12-31$0
Contributions received from other sources (not participants or employers)2015-12-31$0
Other income received2015-12-31$-32,973
Net income (gross income less expenses)2015-12-31$184,943
Net plan assets at end of year (total assets less liabilities)2015-12-31$1,770,224
Net plan assets at beginning of year (total assets less liabilities)2015-12-31$1,585,281
Assets. Value of participant loans2015-12-31$29,186
Total contributions received or receivable from employer(s)2015-12-31$15,717
Value of certain deemed distributions of participant loans2015-12-31$0
Value of corrective distributions2015-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2015-12-31$0

Form 5500 Responses for PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST

2015: PROSETTA BIOSCIENCES 401(K) PROFIT SHARING PLAN & TRUST 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planNo
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes

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