Profile
OpenAI LP 401(K) Plan in San Francisco, CA is in San Francisco, CA, its EIN is 831960637, its industry group is Scientific Research and Development Services, its plan administrator is Micah Keawe, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, in the nationwide top 250 in total assets, provides for automatic enrollment, is a single-employer plan, its business code is 541700, has 100 to 499 total participants, is better than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), is better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5), and is lower than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Numeric values:
- net assets (assets minus liabilities) ($9.90M)
- total assets ($9,883,688)
- value of interest in registered investment companies (e.g., mutual funds) ($9.60M)
- total income ($5,299,797)
- total assets at beginning of plan year ($4,963,449)
- net income ($4,920,239)
- total contributions ($4,212,755)
- cash contributions from participants ($2,378,046)
- cash contributions from employers ($1,428,102)
- earnings on investments ($1,087,042)
- net earnings on investments ($1,087,042)
- total expenses ($379,558)
- receivables - employer contributions ($167,298)
- receivables - participant contributions ($78,421)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($48,324)
- average account balance ($42,602)
- net income per total participant ($21,208)
- corrective distributions ($20,756)
- average participant cash contribution per active participant ($12,516)
- average employer cash contribution per active participant ($7,516)
- contract administrator fees ($600)
- total administrative expenses ($600)
- total administrative expense per participant ($2.59)
- total noninterest-bearing cash ($0)
- other receivables (not employer nor participant contributions) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- participant loans ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (81.9%)
- yield on beginning-of-plan-year total assets (21.90%)
- diversity of asset types (5.1%)
- total cash as a percentage of plan assets (0.49%)
- total administrative expense ratio (0.006%)
- participant loans as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (190)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (232)
- other retired or separated participants entitled to future benefits (42)
- retired or separated participants receiving benefits (0)
- total participants (232)