2SEVENTY BIO, INC. 401(K) PLAN
Plan Contact
- Address: 60 BINNEY STREET,CAMBRIDGE,MA
- Contact person: JOANNE PETERSON
- Phone: (617) 491-5601
Plan General Information
2SEVENTY BIO, INC. 401(K) PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of 2SEVENTY BIO, INC. 401(K) PLAN is $44,433,833.00.This plan was established in 2021.
2SEVENTY BIO, INC. 401(K) PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in 2SEVENTY BIO, INC. 401(K) PLAN is 413
2SEVENTY BIO, INC. 401(K) PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for 2SEVENTY BIO, INC. 401(K) PLAN is $107,587.00
2SEVENTY BIO, INC. 401(K) PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for 2SEVENTY BIO, INC. 401(K) PLAN is $17,079.00.
2SEVENTY BIO, INC. 401(K) PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in 2SEVENTY BIO, INC. 401(K) PLAN is approximately $7,818.00
Investing in this additonal $7,818.00 for 20 years would give you extra $500,358.00, assuming a 10% annual return.
Investing in this additonal $7,818.00 for 20 years would give you extra $500,358.00, assuming a 10% annual return.
2SEVENTY BIO, INC. 401(K) PLAN Total Employer Contribution and Match Rate
In 2023, 2SEVENTY BIO, INC. 401(K) PLAN allocates $3,228,878.00 to match its employees' contributions, providing an employer match rate of 46.45% of their contributions
2SEVENTY BIO, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of 2SEVENTY BIO, INC. 401(K) PLAN is 46.75%.
2SEVENTY BIO, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for 2SEVENTY BIO, INC. 401(K) PLAN is 19.81%. This measures the effectiveness of the plan participants' investments in the year.
2SEVENTY BIO, INC. 401(K) PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of 2SEVENTY BIO, INC. 401(K) PLAN is 0.19%.
Enrollment Features
2SEVENTY BIO, INC. 401(K) PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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